• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Hyderabad, Aug. 6

Isagro Asia, a wholly owned subsidiary of Isagro SpA of Italy, has decided to set up a production line at its Panoli (Gujarat) facility to manufacture all new products the company developed for the global markets.

The company, which registered a turnover of Rs 150 crore in 2006-07, would spend Rs 50 crore on this facility, according to Mr Partho S. Lahiri, Commercial Director for Asia Pacific and Managing Director, Isagro Asia.

Addressing a press conference here, he said the expansion would include establishing a process development laboratory and strengthening agronomical research facility.

Mr Lahiri was here in connection with the launch of Mitigate, a new solution to fight mite.

The company had statutory permissions for launching the product for tea and chillies. “We are working on coconut,” he said.

Globally, it was used for many other crops, including vegetables.

“This product doesn’t have any side effects. Also, it won’t result in residues,” he added.

The company is eyeing 10 per cent of the Rs 200-300-crore miticide market, which was largely dominated by the traditional products.

Isagro, part of the €300-million Isagro SpA, was looking at doubling the turnover to Rs 300 crore by 2001-12.

More Stories on : New Projects | Agriculture

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
GMR Infrastructure setting up multi-product SEZ in Krishnagiri

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line