Agrochemicals firm Insecticides India Ltd (IIL) today said it aims to take revenues to Rs 1,200 crore by the end of current financial year.
The company is entering into the export domain starting from Asian and African markets.
"Among its next level plans are a major push to increase its export presence, with an immediate aim to achieve a sales target of up to Rs 20 crore from exports next year," IIL said in a statement.
At the end of 2014-15, the company touched a top line of Rs 865 crore and expects it to grow to Rs 1,200 crore in 2015-16, the statement added.
"Our recently added plant in Dahej is now working to almost its full capacity, and we have also ramped up production in other 5 plants to be able to achieve enough surplus production this year for exports. Our initial focus will be countries from Asia and African continent," IIL Managing Director Rajesh Aggarwal said.
IIL has also turned its attention to greater investment in research and development (R&D) and production of new indigenous molecules.
The company has recently partnered with Tokyo- based OAT Agrio Co Ltd to set up an ultra modern R&D centre, in Chopanki, Rajasthan for discovery of new agrochemical molecules.
