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HomePosts Tagged "MD & CEO"
Agribusiness, Agro chems – Fertilizers, Company News, India

The company opened a second manufacturing plant to ensure a steady supply of high-quality Bentonite Sulphur fertilisers to the farmers.

Coromandel International Limited, one of India’s leading agri-solutions providers, has inaugurated its second Sulphur manufacturing plant at its Visakhapatnam facility in Andhra Pradesh.

Visakhapatnam site is the company’s wholly backward integrated unit and produces approximately 12 LMT of complex fertilisers along with Phosphoric acid and Sulphuric acid. The site also hosts a Sulphur Fertiliser plant with 25000 MT production capacity. With the inauguration of this new plant, the company’s Sulphur fertiliser capacity is doubled, ensuring a steady supply of high-quality bentonite Sulphur fertilisers to the farmers.

This expansion marks a significant step in strengthening Coromandel’s presence in the specialty nutrients market, reinforcing its commitment to Indian agriculture. The event was graced by S Sankarasubramanian, MD & CEO, Coromandel International Limited, Avinash Thakur, Business Head, Specialty Nutrient and Organic Fertilisers, and other senior team members.

Sulphur is an essential nutrient for plant growth, playing a crucial role in protein synthesis, enzyme function, and overall crop productivity. In India, Sulphur deficiency is a growing concern due to factors like intensive cropping, imbalanced fertiliser use, and declining organic matter in soil. By increasing its Bentonite Sulphur capacity, Coromandel aims to provide Indian farmers with high-quality, affordable, and sustainable nutrient solutions to improve soil health and maximize yields.

The new plant is equipped with advanced German technology and capabilities to fortify Sulphur fertilisers with multiple micronutrients, addressing the evolving nutrient deficiencies in Indian soil. Beyond production, this facility also sets the stage for research and development for introducing new Sulphur variants designed to meet the crop and geography specific needs of Indian agriculture.

Speaking at the inauguration, S Sankarasubramanian, Managing Director and Chief Executive Officer – Coromandel International Limited said, “At Coromandel we believe in delivering innovative and sustainable Agri solutions to the farmers. By continuously augmenting our infrastructure and expanding capacities, we are ensuring a steady supply of fertilisers that promote long-term soil health and at the same time enhance productivity.  Over the next 4-5 years, this plant will play a crucial role in effectively meeting the growing demand for Bentonite Sulphur fertilisers across India. This milestone aligns with our long-term vision of advancing agricultural growth through technology and farmer-focused initiatives.”

Coromandel’s broader vision to drive agricultural innovation, support sustainable farming practices beyond the NPKs and DAP is depicted through the Sulphur capacity expansion at the Visakhapatnam. With this initiative, Coromandel reaffirms its leadership in providing science-backed, farmer-centric solutions that cater to the evolving needs of the agriculture sector.

The Company clocked a turnover of Rs. 22,290 Crores during FY23-24. Its efforts towards environment have been well recognized by international organizations like UNDP and has also been voted as one of the ten greenest companies in India by TERI. Coromandel is a part of the Rs 778 billion (Rs 77,881 Crores) of the Murugappa Group.

The company opened a second manufacturing plant

AgroPolicy, Animal Health, Animal Husbandry, Company News, Dairy, Goat farming, India, Live Stock

CSC will serve as a pivotal distribution channel, leveraging its extensive network of around 6 lakh Common Service Centres (CSCs) spread across the nation.

In view of widening the reach of AIC’s innovative cattle insurance product- “Sampoorna Pashudhan Kawach”, the Company has entered into a strategic partnership by signing an MoU with CSC e-Governance Services India Ltd. (CSC) which is a government-owned entity facilitating digital access to various services across rural India. Agriculture Insurance Company has partnered with CSC e-Governance Services India Ltd. to extend its livestock insurance product, Sampoorna Pashudhan Kawach, to rural farmers nationwide through CSC’s extensive digital network.

Sampoorna Pashudhan Kawach is a comprehensive insurance product tailored specifically for cattle farming, designed to safeguard farmers’ livestock against unforeseen risks. Through this memorandum of understanding, CSC will serve as a pivotal distribution channel, leveraging its extensive network of around 6 lakh Common Service Centres (CSCs) spread across the nation.

The signing ceremony held on May 16, 2024 at AIC Head Office, New Delhi was attended by Girija Subramanian, CMD, AIC, Sanjay Kumar Rakesh, MD & CEO, CSC e-Governance Services India Ltd., Dasarathi Singh, GM, AIC, Lalit Kharbanda, GM, AIC, Kumar Pushpendra, Vice President, CSC Insurance Services, K.V. Raman, GM, AIC & K.S. Jyothi, GM, AIC.

“This is a Landmark Agreement for both AIC & CSC, through CSC, AIC is going reach the Grass Root Levels, to the neediest farmers. Sampoorna Pashudhan Kawach through CSC would ensure market penetration up to individual households. Going forward the Tie Up shall be covering AIC’s other Products like Saral Krishi Bima, Sampoorna Ritu Kavach, Aquaculture Crop Insurance, Sinchai Pranali Bima etc. The whole process from Enrolment, Claim Assessment and Policy Servicing shall be system enabled from end to end. This tie-up would reaffirm AICs commitment towards the rural masses and ensure seamless service delivery maintaining the highest professional standards.” said Girija Subramanian Chairperson and Managing Director, AIC.

“Livestock insurance in India is a crucial aspect of agricultural risk management, particularly for farmers who depend on livestock for their livelihoods. Despite government initiatives, there are challenges in the implementation of livestock insurance schemes in India. These include issues related to awareness among farmers and the availability of veterinary services in rural areas. Limited access to veterinary services and infrastructure in rural areas affects the quality of healthcare for livestock. Many farmers, especially in rural areas, lack awareness about the benefits of livestock insurance and how it can protect their livelihoods. The partnership between AIC and CSC will mitigate these challenges and empower farmers in the remotest corners of the country.” said Sanjay Kumar Rakesh, MD & CEO, CSC e-Governance Services India Ltd.

CSC will serve as a pivotal distribution

Agrotech, India, People, Seeds

FSII ropes in Ajai Rana, CEO, Savannah Seeds as Chairman of the Board of Directors and Shirish Barwale, Director, Maharashtra Hybrid Seeds Company as Vice Chairman.

Federation of Seed Industry of India (FSII), the prominent industry association of R&D based seed companies in India, is delighted to announce the successful leadership transition with Ajai Rana, CEO, Savannah Seeds Private Limited, assuming the role of the Chairman of the Board of Directors. FSII held its Annual General Meeting on 25 Sep 2023, which marked the occasion of the new leadership team formally taking over the mantle.

 Rajvir Rathi, Head – Public Affairs, Science & Sustainability IBSL and Lead – Traits Licensing Business, Bayer CropScience Limited and Shirish Barwale, Director, Maharashtra Hybrid Seeds Company Private Limited, assumed the roles of Vice Chairmen. Dr Venkatram Vasantavada, MD & CEO, SeedWorks International Private Limited, took charge as the Finance Director. 

The new leadership team expressed their profound gratitude for the dedicated efforts of the founding and former Board members who, since its inception, have been instrumental in shaping FSII into a respected industry association at the forefront of India’s seed sector.

FSII’s rich legacy, built upon the vision and relentless dedication of these early pioneers, has led to its establishment as a pioneering industry association for the Indian seed sector. Over the years, FSII has achieved remarkable growth, recognition, and respect within the industry, primarily due to the tireless commitment of those who have steered its course.

Under the guidance of the newly appointed leadership, FSII is now poised to take its mission to the next level. With a renewed focus on becoming a ‘knowledge-driven’ federation of research-based seed companies in India, FSII aims to contribute significantly to the growth and development of the Indian seed sector. The organization envisions a future where innovative research, sustainable practices, and knowledge-sharing will drive the industry to new heights.

“On behalf of the new leadership team, we acknowledge the great efforts of our founding and former leadership who have brought FSII to what it is today as the voice of Indian seed sector. FSII is ready to embrace the challenges and opportunities of the future, leading the way towards a knowledge-driven and prosperous Indian seed sector. Our commitment is unwavering, and we are determined to build upon the strong foundation laid by our predecessors. As we embark on this exciting journey of leadership continuity and renewed focus, we invite all the industry stakeholders, partners, and collaborators to join hands with us in shaping the future of the Indian seed sector. Together, we can collectively contribute to the growth, sustainability, and prosperity of this most important industry.” said Ajai Rana on the occasion.

FSII’s leadership transition represents a vital step on the continuum of progress, ensuring that the organization remains relevant, dynamic, and influential in the years to come. The new team is dedicated to preserving the values and vision of FSII while simultaneously adapting to the evolving needs of the industry.

Focusing on strategic stakeholder engagement and targeted policy advocacy, FSII is all set to bolster its collaboration with Central and State governments, various Ministries, departments, and statutory bodies to ensure that policy and regulatory frameworks are holistic and conducive to the growth of the seed industry and aligned with nation’s Amrit Kaal aspirations.

This leadership transition not only ensures that FSII remains agile and expands its sphere of influence in the ever-evolving Indian seed industry but also places a strong emphasis on fostering enhanced collaboration and communication with key stakeholders.

FSII will actively seek collaboration and partnerships with industry players, research institutions, academia, scientific fraternity, and other stakeholders to drive innovation and knowledge exchange within the sector. FSII committed to disseminating industry insights and promoting best practices among its members and stakeholders.

FSII ropes in Ajai Rana, CEO, Savannah