Harsh Bhagchandka, President of IPL Biologicals Ltd. shared his views with AgroSpectrum on growing the biologicals market in India and the way forward.
IPL Biologicals Limited (formerly known as International Panaacea Limited), specialises in biological solutions for agricultural applications The company’s research-based innovations have been focused on inventing indigenous microbial-based solutions since 1994, to cater to the needs of the farmer’s fraternity and address the global challenges by improving soil health, yield, and quality of crops while managing pest resistance, and pesticide residue. Recently, IPL Biologicals signed a joint venture agreement with Uzkimyosanoat (UKS), a department of the Government of Uzbekistan for the promotion of investment and development of fertilisers and pesticides and to sell bio-fertilisers in Uzbekistan. Harsh Bhagchandka, President of IPL Biologicals Ltd. shared his views with AgroSpectrum on growing the biologicals market in India and the way forward.
How is IPL Biologicals disrupting the agriculture industry?
We are making waves in the agriculture industry through several disruptive strategies and initiatives.IPL Biologicals leverages extensive research and development efforts to introduce cutting-edge microbial products. These innovations enhance soil fertility, increase crop yields, and reduce the environmental footprint of farming. By staying ahead in technological advancements, the company sets new standards for sustainable agriculture. We actively promote the concept of carbon credits in agriculture. By helping farmers adopt sustainable practices, reduce greenhouse gas emissions, and sequester carbon in their soils, the company not only enhances farm productivity but also opens up new revenue streams for farmers through carbon credit monetisation. We collaborate with agricultural research institutions, government agencies, and international organisations to drive research and development initiatives. These partnerships help leverage expertise, share knowledge, and bring about innovative solutions to address agricultural challenges.
The company tailors its microbial products to suit specific regional and crop requirements. This customisation ensures that farmers receive solutions optimised for their unique conditions. Our expansion into new markets and regions ensures that more farmers can benefit from microbial solutions. This market diversification broadens the reach and impact of IPL Biologicals.
In essence, IPL Biologicals is disrupting the agriculture industry by combining innovative microbial products, education, carbon credit initiatives, and digital marketing to foster sustainable farming practices, empower farmers, and drive positive change across India’s agricultural landscape.
The agriculture sector has witnessed major activities in the ag-biological industry in the recent past. What is driving the ag-biological industry?
Growth Drivers of the Ag-Biological Industry include:
Environmental Sustainability: The increasing awareness of the environmental impact of conventional agricultural practices, such as excessive pesticide and chemical fertiliser use, is a significant driver. Ag-biologicals are viewed as more environmentally friendly and aligned with sustainable agriculture practices.
Government Support: Government policies and initiatives aimed at promoting sustainable agriculture and reducing the use of chemical inputs have provided a significant boost to the ag-biological industry. Subsidies, incentives, and research funding are encouraging companies to invest in this sector.
Consumer Demand: Consumers are increasingly concerned about the safety and quality of their food. This has led to a growing demand for produce that is grown using organic and sustainable methods, which often involve the use of ag-biologicals.
Resistant Pest and Disease Strains: The emergence of pesticide-resistant pests and diseases has made it imperative to explore alternative pest management strategies. Ag-biologicals offer a solution by providing effective and sustainable pest control options.
Research and Innovation: Ongoing research and innovation in the fields of microbiology, genetics, and biotechnology are leading to the development of more effective and targeted ag-biological products. New microbial strains, biostimulants, and biopesticides are continually being developed.
Farmer Education: As farmers become more aware of the benefits of ag-biologicals, there is an increased willingness to adopt these products. Education and training programs that inform farmers about the proper use and benefits of ag-biologicals are driving adoption.
What are the company’s strategies and plans for expansion in the Indian market?
We are strategically positioned for robust growth in the Indian market. With over 400 dedicated professionals and a presence in 18 states. We recognise the importance of nurturing our current market presence. In the coming years, we plan to intensify our efforts in the states we’ve already penetrated. This means strengthening relationships with our valued customers, enhancing product offerings, and ensuring superior service delivery.
Moreover, our forthcoming launch of next-generation microbial consortium products in 2024 will position us as leaders in the industry.
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Harsh Bhagchandka, President of IPL Biologicals Ltd.
