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Friday / March 29. 2024
HomePosts Tagged "Make In India"

The Pyroxasulfone market is worth over 450 crore in India, and BAL plans to achieve 300-350 crore of the Proxysulfone market in the next three years

Best Agrolife Ltd. (BAL), announced that it has inked an agreement with Syngenta for the marketing of Pyroxosulfone 85 per cent WG herbicide under the brand name Movondo. 

Pyroxasulfone is a pre-emergence herbicide for wheat, corn, and soybean that ensures increased yields while offering outstanding crop safety by eliminating weeds that pose a threat to these crops. It is more effective against broadleaf weeds and requires fewer applications than other commercial herbicides. Pyroxasulfone 85 per cent WG controls the primary troublesome weed in wheat, Phalaris minor.

Syngenta is a global leader in crop protection and seeds, with a significant global share of the herbicide and commercial seed markets. This agreement will help both companies maximise the value of the new herbicide and efficiently establish a market for the product. The Pyroxasulfone market is worth over 450 crore, and BAL plans to achieve 300-350 crore of the Proxysulfone market in the next three years.

Previously, India imported Pyroxasulfone from foreign nations, but after gaining registration for the local manufacturing of Pyroxasulfone 85 per cent WG. BAL has become the first Indian agrochemical business to manufacture Pyroxasulfone 85 per cent WG locally. Seedlings India Pvt. Ltd., one of the wholly owned subsidiaries of BAL, will produce it under the Indian government’s ‘Make in India’ initiative.  What truly distinguishes this deal as a groundbreaking development, showcasing the substantial influence of the ‘Make In India’ initiative on the global stage, is the unprecedented reversal of the conventional supply chain dynamics. Prior to this, multinational corporations had typically supplied key chemical compounds to Indian agrochemical companies. However, this deal marks a pivotal shift, as it signifies the first instance of Indian agrochemical companies taking the lead by exporting these molecules to their multinational counterparts.

The Pyroxasulfone market is worth over 450

From point of view of agricultural equipments, this is the first innovative experiment done by Mahindra & Mahindra

Narendra Singh Tomar, Union Agriculture and Farmers Welfare Minister inaugurated the first Greenfield Farm Machinery Plant of Mahindra & Mahindra at Pithampur in Madhya Pradesh. On this occasion, Tomar said that under the leadership of Prime Minister Narendra Modi, today India has reached a point where the world looks at us with hopeful eyes. Tomar said that to make the country fully developed, we have to be fully equipped with technology.

From the point of view of agricultural equipments, this is the first innovative experiment done by Mahindra & Mahindra. This company has also set the target of export of farm equipments. Tomar said that today the need is that India emerges as the world leader. By supplying to the world apart from meeting the domestic demand, India will develop and its reputation as a world guru will also be secured.

Tomar said that today everywhere people flaunt ‘Make in India’ products. We are Indians, it is a matter of pride for us, but when our products are appreciated, then it is a matter of even greater pride. This trend also shows the spirit with which our Prime Minister works. Tomar said that mechanisation and technology are very much needed today.

From point of view of agricultural equipments,