The company is setting up a greenfield facility in Andhra Pradesh and plans to launch the product in 2023.
As a leading Indian agri solutions provider, Coromandel International Limited continues to make concerted efforts in driving agricultural productivity through promoting integrated farm management approach. In a major boost to drive the sustainable practices in agriculture, the Company has successfully developed a nano technology-based fertiliser, Nano DAP from its R&D centre based at IIT Bombay.
Coromandel has been conducting extensive field studies on product efficacy, biosafety and toxicity for Nano DAP in different agro-climatic zones with leading agricultural universities and the trial results have been encouraging. The Company’s application with the Government of India for commercial release of Nano DAP is in the advanced stage of approval.
Coromandel will be amongst the pioneers in developing nano technology-based solutions and has filed a patent for the product. The company is setting up a greenfield facility in Andhra Pradesh and plans to launch the product in 2023.
Speaking on the occasion, Coromandel’s Executive Vice Chairman Arun Alagappan commented “Coromandel is promoting new technologies for enhancing the resource use efficiency of its agri solutions. Nano DAP will go a long way in driving sustainability of Indian farms through improving nutrient uptake, lowering water consumption and minimizing environmental losses.
This is in line with the Government’s thrust on improving farm yields through leveraging emerging technology solutions in agriculture. The usage of Nano DAP will make the farm economics more attractive and can drive sustainable usage and site-specific nutrient applications. The Company has also recently invested in a drone start-up Dhaksha Unmanned Systems, which provides it a strong delivery platform to promote the application of Nano fertilisers through the drones.
I would like to thank the Government for its continuous guidance, extending policy and regulatory support and providing the requisite impetus for adoption of new technologies in farming. I am optimistic that the usage of Nano fertilisers will support the Atma Nirbhar Bharat vision and can drive the next wave of Green Revolution in the country.”
