Oman India Fund invests in GSP Crop Science

GSP Crop Science is a manufacturer and distributor of bulk and branded agro-chemicals

The Oman India Joint Investment Fund (OIJIF), a joint venture between SBI and State General Reserve Fund (SGRF) has invested Rs 95 crore in GSP Crop Science, a Gujarat-based agrochemical company.

Established in 1972, GSP Crop Science is a manufacturer, distributor of bulk and branded agro chemicals. Its portfolio comprises over 70 prod- ucts, marketed through an extensive pan-India network of 5000 distributors. GSP exports its products to 25 countries.

“We believe there is a huge potential for growth in the agrochemical sector in India driven by growing awareness among farmers and favorable pol- itical impetus. With OIJIF’s investment and our internal resources, GSP aims to double its market share in coming three years,” Kenal Shah, MD of GSP Crop Science Pvt Ltd said.