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HomePosts Tagged "Executive Director"
AgroPolicy, India, Seeds, Supply Chain

The seed industry believes that incentivising investments in advanced seed technologies and research that help enhance productivity and thus overall supply is crucial.

Food and Consumer Affairs Minister Pralhad Joshi launched sales of tomatoes at a subsidised rate of Rs 60 per kg in Delhi-NCR on July 29 as part of the government’s efforts to stabilise prices and provide relief to the common man.

The National Cooperative Consumers’ Federation of India Ltd (NCCF) vans have started providing tomatoes at a subsidised rate. The tomatoes are sold in Delhi along with Noida and Gurugram, according to the statement.

The Centre undertook the market intervention initiative to stabilise rising tomato prices in the retail market. The Department of Consumer Affairs has decided to launch this initiative to check the surge of tomato prices in major cities, especially Delhi.

Federation of Seed Industry of India has welcomed government’s initiative of selling subsidised tomatoes through NCCF vans. While commenting on the government’s initiative, Raghavan Sampathkumar, Executive Director, Federation of Seed Industry of India said, “We welcome the government’s initiative to sell subsidised tomatoes through NCCF vans, initially introduced in Delhi and now expanded to Mumbai, to help cool down rising costs and ensure affordability for consumers. While these short-term measures are vital in addressing acute price volatility, we would like to reiterate the need to focus on long-term, sustainable solutions.

The seed industry believes that incentivising investments in advanced seed technologies and research that help enhance productivity and thus overall supply is crucial.

For example, New Breeding Technologies (NBTs), including CRISPR gene editing can be leveraged for introducing crop traits like pest and disease resistance, improved productivity, and extended shelf life. These advancements will not only stabilize prices but also enhance farmers’ profitability.

We urge for continued support in developing superior seed varieties and implementing evidence-based policies that foster innovation and sustainability. This will pave the way for Indian agriculture to become prosperous and profitable, benefiting both farmers and consumers in the long run”.

The seed industry believes that incentivising investments

Agribusiness, Agro Universities, Company News, India, Sustainability

 The collaboration aims to enhance training and capacity-building programs for farmers and rural youth, focusing on climate-resilient agriculture practices and agricultural skill training.

In their concerted stride towards mitigating the effects of climate change, the Indian Council of Agricultural Research (ICAR), Syngenta Foundation India (SFI), and Syngenta India Pvt. Ltd. have signed a significant Memorandum of Understanding (MoU) on the Foundation Day of ICAR. The collaboration aims to enhance training and capacity-building programs for farmers and rural youth, focusing on climate-resilient agriculture practices and agricultural skill training through ICAR’s extensive network of National Research Institutes, Regional Stations, Krishi Vigyan Kendras (KVKs), and Agricultural Universities.

Under this agreement, ICAR institutes and KVKs will actively participate in training programs organized by SFI and Syngenta India and vice versa. The KVKs would extend these learnings to a wider farmers’ base through their extensive network. The collaboration will focus on capacity building and extension activities, including the adoption of climate-resilient agriculture practices, safe and proper use of crop protection chemicals, and the use of precision agriculture tools such as drones, IT, IoT, and AI-based techniques.

Dr Himanshu Pathak, Director General, ICAR, said, “This partnership is a major milestone in our efforts to equip farmers and rural youth with the necessary skills and knowledge for sustainable and climate-resilient agriculture. By leveraging the strengths of ICAR, Syngenta Foundation, and Syngenta India, we can reach the grassroots level and make a substantial impact.”

In fact, the objectives of this MoU align with Syngenta’s new sustainability commitments, which focus on: Higher yields, lower impact; Regenerate soil and nature; Improve rural prosperity; and Sustainable operations. Syngenta India has been working extensively on climate-resilient practices including soil health, regenerative agriculture, precision farming and possesses in-built capacities to extend the knowledge through the network of Agri Entrepreneurs along with SFI.

Susheel Kumar, Country Head and MD, Syngenta India Pvt. Ltd., highlighted the importance of this collaboration, saying, “Our quality R&D, climate-resilient practices and many decades of experience of working with farmers enable us to contribute significantly to this collaboration. Having worked with farmers and rural youth through a series of innovative programs, we consider this as yet another decisive step forward in enhancing the quality of life for smallholder farmers and rural youth and contribute to our efforts at mitigating the challenges of climate change.”

Dr K C Ravi, Chief Sustainability Officer, Syngenta India Pvt Ltd highlighted how this MoU was also in sync with Syngenta’s unique I Rise (Inculcate Rural India Skill Enhancement) initiative, designed to engage rural youth in agriculture and provide them appropriate skills and help them to explore dignified and sustainable income earning opportunities in agriculture sector. This program was initiated with the pilot project in 2023 to train 1000 rural youth in 3Es approach i.e., Educate youth in agriculture through the training and mentoring program, engage them in Agri sector through employment, entrepreneurship, or by becoming a lead farmer and elevate their livelihood income.

Rajendra Jog, Executive Director, Syngenta Foundation India, highlighted the collaboration’s potential, stating, “Over the years, we have developed a huge network of agri-entrepreneurs (AEs) who are trained in modern agriculture practices and extend their knowledge and knowhow to millions of farmers across the country. Our partnership with ICAR and KVKs will enable us to leverage our network of AEs to extend comprehensive training to many more farmers and rural youth.”

The partnership also aims to promote efficient agronomic practices, support KVKs, agri-entrepreneurs, dealers, distributors, and farmers through awareness and education programs, and enhance mechanization solutions in selected clusters. The parties will explore the use of AI and ML techniques to provide expert advisory services to farmers, helping them optimize input usage and reduce costs.

 The collaboration aims to enhance training and

Agribusiness, Agro chems – Chemicals, Agro chems – Fertilizers, Company News, India

Paramfos Plus can be used for wide variety of crops, including paddy, cotton, maize, sugarcane, pulses, ragi, groundnut, oilseeds, and vegetables.

 Coromandel International Limited, India’s leading agri solutions provider, launched a new magnesium-fortified complex grade fertiliser ‘Paramfos Plus’ in Bengaluru. The product was launched by Sankarasubramanian S, Executive Director, Nutrient Business, Coromandel International, in the presence of the company’s senior leadership team and key channel partners from across Karnataka and Tamil Nadu.

‘Paramfos Plus’ fertiliser contains 16% Nitrogen, 20% Phosphorus, and 13% Sulphur, along with an additional 0.6% Magnesium. The added Magnesium boosts photosynthesis, chlorophyll production, and promotes the vegetative growth of plants leading to improvement in both quality and yield. It is versatile and can be applied both as a basal and top dressing for a wide variety of crops, including paddy, cotton, maize, sugarcane, pulses, ragi, groundnut, oilseeds, and vegetables. Additionally, it is suitable for use on cereals, legumes, tuber crops, fruit-bearing plants, and various horticultural crops, ensuring comprehensive nutrient support across diverse agricultural practices.

With a legacy of over six decades, ‘Paramfos’ has emerged amongst the most trusted fertiliser brands especially in Karnataka, enabling Coromandel to sustain leadership position in the state. Paramfos granules are free-flowing and suitable for both seed drill application and broadcasting. The new product complements the strengths of Paramfos with the benefits of Magnesium nutrient and aims to deliver balanced fertilization for various crops.

Unveiling Paramfos Plus at the launch event in Bengaluru, Sankarasubramanian S, Executive Director, Nutrient Business, Coromandel International Limited, said, “Paramfos Plus, an enhanced version of Paramfos, is fortified with ‘Magnesium’ that improves the vegetative growth of crops and provides early greening leading to increased yield and superior quality. Coromandel’s innovation in fertilisers is a testament to our commitment and dedication to boosting nutrient efficiency, reducing environmental impact, and improving the economic viability of farming in India. This innovation also aligns with the Government’s initiatives to promote use of fortified fertilisers in India.”

Paramfos Plus can be used for wide

Agribusiness, Agro chems – Fertilizers, India

 Plant has capacity to produce 1 crore bottles of Nano fertilisers per annum and can be scaled up for higher volumes besides producing multiple range of Nano fertilisers.

Coromandel International Limited, India’s leading agri solutions provider, unveiled state-of-the-art Nano Fertiliser plant at its Kakinada complex in Andhra Pradesh. The plant was inaugurated by Sankarasubramanian S, Executive Director, Nutrient Business, in the presence of the company’s senior leadership team and key channel partners from across the country.

Coromandel’s Kakinada unit produces a wide range of NPK grades with annual capacity of 2 million MT of fertilisers and caters to the needs of farming community across India. With the commissioning of the new Nano facility at its Kakinada complex, Coromandel has forayed into new generation fertilisers, which have the potential to revolutionise Indian agriculture.

The new Nano Fertilizer Plant is designed using energy-efficient technologies and has fully automated production line including robotic arm for bottling operations. It has capacity to produce 1 crore bottles of Nano fertilisers per annum and can be scaled up for higher volumes besides producing multiple range of Nano fertilisers.

Coromandel has developed Nano fertilisers like Nano DAP and Nano Urea through itsin-house Research and Development center at IIT Bombay-Monash Research Academy. The nano-sized fertiliser particles ensure optimal nutrient delivery and absorption by the plants and have the potential to replace the conventional fertilisers while also increasing the crop yield.

The company markets Nano fertilisers under the brand name of “Gromor Nano DAP” and “Gromor Nano Urea”. This environment-friendly fertiliser has received positive response from across geographies and various crop segments, and with this encouraging response from the farming community the company has set up a comprehensive state of the art Nano fertiliser facility at Kakinada to cater to the demands across the country. It has also carried out extensive farmer field trials both its Nano Fertilisers so establish the product efficacy.

Coromandel International had also set up a Nano Technology Center at Coimbatore to focus on Nano application in agriculture and to establish quality for Nano range of products. During the launch event, the company also felicitated its key channel partners from across the country who have taken lead to make Nano DAP accessible to the farmers.

On the occasion of the Nano Fertiliser plant launch at Kakinada, Sankarasubramanian S, Executive Director, Nutrient Business, Coromandel International Ltd, said, “Coromandel’s Nano Fertiliser Plant at Kakinada is a testament to its commitment and dedication to boost nutrient efficiency, reduce environmental impact, and improve the economic viability of farming in India. The government’s push for Nano DAP marks a new era in Indian agriculture, where technology and sustainability go hand in hand. This innovative solution aligns with our goals of enhancing agricultural productivity and farm sustainability and we believe that Nano fertilizers will play a crucial role in shaping the future of Indian agriculture.”

 Plant has capacity to produce 1 crore

AgroPolicy, India, R&D, Seeds, Textile industry

To enhance cotton production, a pilot project was initiated in 2023-2024, introducing technologies like HDPS, Closer Spacing planting, and Production technology for ELS cotton.

 India needs to focus on R&D and improved cultivation methods to meet the rising cotton demand in the textile industry at a time when the fiber crop is serving as a cornerstone in supporting the livelihoods of approximately 6 million farmers and an additional 40-50 million individuals involved in related activities, said Raghavan Sampathkumar, Executive Director, Federation of Seed Industry of India (FSII).

He pointed to what Chandrakant Patil, Minister of Textiles, Government of Maharashtra, wrote in an article recently highlighting that the country stands at the cusp of becoming a global textile powerhouse, with numerous states like Maharashtra, Telangana, and Tamil Nadu spearheading policy initiatives to establish textile parks. The aim is to propel the industry towards a projected $250-billion in textile production by 2030. 

Sampathkumar said the textile industry is undergoing a significant transformation with initiatives like the PLI Scheme for Textiles, Kasturi Cotton Bharat program, National Technical Textiles Mission (NTTM), SAMARTH, and PM MITRA, development of 11 exclusive textile parks, strengthening the textile value chain through technological upgradation and so on. With over 45 million skilled workers, the textile sector is significant for employment and economic growth in India.

To boost India’s textile sector’s global competitiveness, promoting cotton cultivation is paramount as approximately 74 per cent of the apparel exported from India is made of cotton. Yet, with cotton being the primary source, there are key challenges and concerns that both the government and industry need to acknowledge and address, Sampathkumar said.

Firstly, the cotton industry requires revitalization through increased production and strengthening of the value chain. With the introduction of Bt Cotton, India saw a significant surge in cotton production from 10 to nearly 40 million bales annually between early 2000s and FY2014, transforming into a leading producer. Cotton production in India increased steadily and rather steeply from 2004-05 onwards primarily due to a sharp rise in yield. However, continuously evolving challenges of pests and diseases, weeds, salinity and soil degradation, and climate aberrations are causing stagnation post-FY2015, with production at 36.2 million bales in FY2022. Hence, the cotton industry in India is currently at crossroads and there is an imminent need to find innovative solutions through scientific research.

Research on pests particularly pink bollworm, several diseases, herbicide-tolerance enable more efficient control against these challenges, reducing manual labor and potentially increasing yields. All these present enormous opportunities for sustainable growth. However, to achieve the above, there should be an imperative on promoting new concepts like High Density Planting System, to increase yields and improve profitability. It’s crucial for both government and private sectors to collaborate in adopting and promoting innovative technologies to boost yield and farmers’ income, Sampathkumar added.

To enhance cotton production, a pilot project was initiated in 2023-2024, introducing technologies like High Density Planting System (HDPS), Closer Spacing planting, and Production technology for ELS cotton. HDPS has shown promising results, with Maharashtra farmers reporting a threefold yield increase. It involves denser sowing, boosting light interception, boll production, and yield while optimizing nutrient and water use and suppressing weed growth. Popularizing such practices will increase overall cotton production, realizing the state’s aspiration to drive the Indian textile industry’s growth story.

Biotechnological interventions are even more crucial amidst such pressing issues and can help improve cotton yield and production. Despite significant efforts by both the central and state governments and the advancements made possible by Bt-cotton, India’s seed sector in general but cotton in particular, grapples with numerous challenges. For example, public perception issues on genetically modified crops fueled by unfounded fear mongering are resulting in significant and prolonged delays, procedural complexities, and in ambiguity hindering investments in research and development. Without research, it must be noted that no solutions can ever be found, pointed Sampathkumar.

To surmount these challenges and move towards regaining India’s glory as a major global cotton producer, a cohesive effort is needed involving policymakers, scientists, farmers, and the industry players to come together to formulate robust unbiased policies, raise public awareness on science-based technologies, and promote sustainable agricultural cultivation methods. India should strengthen its research capabilities, with streamlined policies & regulations. Collaboration among stakeholders is crucial and by leveraging new technologies including biotechnology, and new systems like HDPS, India can enhance its cotton productivity and meet the growing demand for cotton for the textile industry.

To enhance cotton production, a pilot project

Agribusiness, Agro chems – Pesticides, Company News, India

‘LaNevo’ marks a strategic collaboration with Nissan Chemical Corporation, Japan, further strengthening Dhanuka’s insecticide portfolio.

 Leading agrochemical company Dhanuka Agritech Limited unveiled two groundbreaking products the powerful insecticide ‘LaNevo’, and the bio-fertilizer ‘MYCORe Super’, designed to revolutionize crop protection and yield enhancement in agriculture.

‘LaNevo’ marks a strategic collaboration with Nissan Chemical Corporation, Japan, further strengthening Dhanuka’s insecticide portfolio. LaNevo offers dual benefits with a unique mode of action for enhanced crop protection against sucking and chewing pests. It is designed to minimise resistance development and, promoting healthier crops and higher yields.

Harsh Dhanuka, Executive Director, Alliances and Supply Chain at Dhanuka Agritech Ltd, along with senior officials from Nissan Chemicals Corporation, addressed a large gathering of retailers, major dealers from Andhra Pradesh and Telangana outlining the specifications and benefits of the new products.

Dhanuka said the insecticide ‘LaNevo’ will help farmers, especially those growing vegetables, achieve better control of sucking and chewing pests. Introduced under Section 9(3) of The Insecticides Act, 1968 by Dhanuka, ‘LaNevo’ is a powerful, broad-spectrum insecticide that effectively control a wide range of pests, including Jassid, Thrips, White Fly, Shoot and Fruit Borer, and Leaf Miner, he said.

Y Fukagawa San, General Manager and Head of International Sales Nissan Chemical Japan, said ‘LaNevo’ is tough for insect-pest resistance development, and effectively controls leaf’s lower surface hiding insect-pest. This powerful insecticide is easy to apply, promoting healthier crops and higher yields,” he said.

Dr R.K. Yadav, Managing Director, Nissan Agro Tech India Pvt. Ltd., said, “Farmers can trust in LaNevo’s dual power, reliability and quick action to protect their crops and ensure a bountiful harvest. “For best results, apply Lanevo at the initial appearance of pests in your chilli, tomato, brinjal crops”.

Introducing the bio-fertilizer ‘MYCORe Super’, Manoj Varshney, National Marketing Head of Dhanuka Agritech, highlighted its effectiveness in high-value crops to increase output and quality. “Harnessing the power of natural biological processes, our product offers the most advanced solution to farmers seeking to optimize their agricultural outputs while minimising their environmental impact,” Varshney added.

Dhanuka Agritech remains committed to driving innovation in agriculture, ensuring farmers have access to cutting-edge solutions that optimize productivity and sustainability.

'LaNevo' marks a strategic collaboration with Nissan

Agrotech, India, Seeds, Sustainability

FSII urges for collaborative efforts involving all stakeholders across the agricultural value chain to address agricultural waste issue.

India faces a significant challenge with its agricultural waste generation. Annually, the nation produces about 683 million tonnes (MT) of crop waste and an estimated 682.6 million tons of agricultural waste, including both edible crop production and surplus materials. This waste contributes substantially to India’s overall waste generation, amounting to approximately 62 million tonnes per year.

Additionally, out of India’s total solid waste, roughly 380 million tons are organic wastes from agricultural sources. These numbers highlight the urgent need for effective waste management strategies to minimise environmental pollution and promote sustainable practices.

Raghavan Sampathkumar, Executive Director, Federation of Seed Industry of India mentioned that FSII recognises the severity of this situation and urges immediate action on the International Day of Zero Waste. Effective waste management in agriculture requires sustainable practices to optimize resource usage, including careful application of fertilizers, pesticides, and water. Precision agriculture, a technique of improving crop yields and assisting management decisions using high technology sensor and analysis tools, can significantly reduce input waste, enhancing long-term sustainability. It ensures the effective management of fertilizers and irrigation processes.

Food waste reduction requires a two-pronged approach: minimizing spoilage throughout the supply chain and aligning food production with demand. Firstly, better storage and transportation practices are crucial. Technologies like moisture-preserving coatings for produce and implementing tracking systems can significantly extend a product’s shelf life.

Secondly, bridging the gap between supply and demand is essential. In India’s complex supply chains, food needs are often predictable, yet production isn’t due to the many layers between farmers and consumers. Here, technology plays a vital role. By building a data network across the chain, from satellite imagery to smartphone apps, we can create a clearer picture of food demand, allowing farmers to adjust production accordingly. Additionally, advancements in biotechnology, such as disease-resistant crops, can further reduce pre- and post-harvest losses.

By prioritising these initiatives, India can significantly reduce food waste. This not only lessens the environmental impact, including water and energy waste, greenhouse gas emissions, and soil degradation, but also promotes sustainable agriculture, resource conservation, and a path towards environmental responsibility for future generations.

FSII calls for collaborative efforts involving all stakeholders across the agricultural value chain to address this pressing issue. By embracing sustainable practices, we can work towards a future where agricultural waste is minimized, environmental pollution is reduced, and India’s agricultural sector thrives sustainably.

FSII urges for collaborative efforts involving all

Agribusiness, Agro chems – Chemicals, Agrotech, Company News, Drones, Inputs

Coromandel has covered key southern states of AP and TS, making it first fertiliser company to achieve such a significant milestone.

Coromandel International Limited, India’s leading Agri solutions provider in the business of Fertilisers, Crop Protection Chemicals, Bioproducts, Specialty Nutrients, Organic Fertilizer and Retail, has announced its milestone of clocking 16,000+ acres of farmland covered through its Gromor Drive – an agri drone spraying initiative.

Sankarasubramanian S, Executive Director, Nutrient Business, Coromandel International Limited, informed, “In line with our vision to enhance farmer prosperity and to end to the drudgery of their hard labour, Coromandel had initiated the Gromor Drive. Today, Gromor Drive has revolutionised the Indian agriculture landscape and it gives us immense happiness to share that we have crossed 16,000+acres of drone spraying in key southern states of AP and TS, making Coromandel the first fertiliser company to achieve such a significant milestone. It is heartening to know that the farmers across regions have quickly adapted to this technology and our services, evident from the overwhelming response across crop categories we received.”

“Through our understanding of farmer needs coupled with strong rural connect, we are rightly positioned to provide drone spraying services to the farming community across geographies. From reducing labour dependency to enhancing crop quality, Gromor Drive has emerged as a trusted ally for farmers striving for sustainable agricultural practices.”

Coromandel has covered key southern states of

Agrotech, India, Opinions, Seeds

By Raghavan Sampathkumar, Executive Director, Federation of Seed Industry of India

Seed is the first and the best hope a farmer has and it is the foundation of “Socio-Economic Empowerment and Development”.  Over the last decade, the Indian seed industry has expanded both in size and performance, involving both private and public sector entities. In 2022, the Indian seed market was valued at $6.3 billion, projected to reach $12.7 billion by 2028, with a CAGR of 12.43 per cent. Thanks to several foresighted and proactive initiatives by the Government of India, the country has witnessed an increased seed replacement rate, for example, in rice, rising from 40 per cent in 2011 to 64 per cent in 2017. The seed industry’s foundation was established in the 1960s and subsequent policies in the late 1980s, including the New Seed Development Policy (1988-1989), transformed the industry and provided Indian farmers access to superior seed and planting materials.

The Indian seed industry is at the forefront of innovation, focusing on areas such as pest and disease-resistant seeds, drought and heat-tolerant varieties, and more nutritious options to address the challenges of climate change and enhance nutritional value. Precision breeding techniques, along with data-driven approach and biotechnology innovations to develop new seed varieties that are resistant to pests, diseases, drought, and heat etc., are gaining ground. More advanced seed technologies have bolstered agricultural productivity as climate change, with its unpredictable weather patterns and increased pest resistance, presents a significant hurdle. Regulatory hurdles, such as the classification of genome-edited crops, hesitancy in acknowledging the important role and contribution of genetically modified (GM) crops and their utility remain big challenges for the growth of the Indian seed sector.

Key drivers of growth include a growing demand for high-quality seeds as farmers are becoming increasingly cognizant of the importance of using high-quality seeds; government support; adoption of digital technologies and increased investment from private and foreign entities. For the sustainable growth and development of the Indian seed industry, several policy and regulatory measures should be prioritised:

Policy & Regulatory Environment: Reforms are essential to establish a stable, predictable, transparent, and science-based policy and regulatory framework.

National Accreditation for R&D-based Companies: A system of accreditation for national-level seed research companies should be established, recognising their extensive efforts in research, data analytics, and quality control.

Investment in R&D: Encouragement of both public and private investment in seed research and development is crucial, with incentives and grants to foster the development of high-yielding, climate-resilient, and nutritionally rich seed varieties.

Restoration of Tax Deduction: To encourage increased R&D investment in the seed industry, the restoration of a 200 per cent income tax deduction for R&D expenditure is recommended.

Developing Climate-Resilient Seed Varieties: Incentivise the development and adoption of climate-resilient seed varieties to address the challenges posed by climate change, such as drought-tolerant, flood-resistant, and heat-tolerant seeds.

Regulatory Testing of New Technology Products: Implement a smooth and predictable process for field testing of new technology seeds.

Encourage Seed Export and International Collaboration: Develop a comprehensive “National Seed Production & Trade Policy” to facilitate seed exports and engage international seed research institutions for knowledge and technology sharing. Work towards making India a global hub for seed production and exports, aiming to capture at least 10 per cent of the global seed trade market.

To read more click on: https://agrospectrumindia.com/e-magazine

By Raghavan Sampathkumar, Executive Director, Federation of

Agro chems – Chemicals, Agro chems – Pesticides, Company News, Finance, Seeds

In FY 2022-23, the company registered Revenue from Operations of Rs 51,397 million, compared to Rs 47,344 million in the previous year.

Bayer CropScience Limited announced its results for the financial year (FY) and quarter ended March 31, 2023. In FY 2022-23, the Company registered Revenue from Operations of Rs 51,397 million, compared to Rs 47,344 million in the previous year, registering an overall revenue growth of 9 per cent. Profit Before Exceptional Items & Tax stood at Rs 8,863 million, compared to Rs 7,883 million in the previous year, representing an increase of 12 per cent. Profit Before Tax (After Exceptional Items) increased by 17 per cent from Rs 8,468 million to Rs 9,901 million.

In Q4 of FY 2022-23, the Company registered Revenue from Operations of Rs 9,825 million, compared to Rs 9,633 million in the corresponding quarter of the previous year, delivering a growth of 2 per cent. Profit Before Exceptional Items & Tax for the quarter stood at Rs1,921 million, compared to Rs 1,895 million in the corresponding quarter of the previous year.

Commenting on the quarterly results, Simon-Thorsten Wiebusch, Executive Director, Bayer CropScience Limited said, “Our sales growth in Q4 continued to be driven by strong crop protection sales and consistent performance by our corn seeds business while overcoming some supply constraints faced during the quarter. Although our channel inventory continues to remain at healthy levels, we are witnessing a normalization of Roundup™ prices and availability.”

Speaking on the FY results, Simon Britsch, Chief Financial Officer, Bayer CropScience Limited said, “The steady performance of our crop protection and corn seeds portfolio helped us deliver 9 per cent growth in Revenue from Operations for the financial year. Though headwinds in the form of inflationary pressures led to higher operating expenses, we continued to invest in key initiatives to drive long-term growth. During the year, the company had an exceptional income of Rs 1,038 million arising from the sale of its Environmental Science Business in Q3 of FY 2022-23.”

In FY 2022-23, the company registered Revenue