31 October 2021, Hyderabad: Agastya Agro Ltd which is into Plant Nutrition entered a Joint Venture agreement with the USA based BioAg Innovations™️ (BAI) is a BIOAG solutions company with a unique and diverse product portfolio including Bio Fertilizer, Bio Stimulants and Bio Pesticides.
The agreement for JV was signed between both the companies and exchanged by CHV Srinivas, Director of Agastya Agro Ltd and Roger Tripathi, Founder Chairman and CEO of Primary BioAg Innovations in a brief function held at Hotel Westin. Primary BioAg Innovations is the Global company, which has presence in 25 countries, manufacturing facilities in 7 countries across the globe such as Korea, Philippines, Indonesia, Malaysia, Vietnam, China and Bangladesh.
Under the JV, BioAg will transfer the technology, get their product portfolio such as InnoAgStart, Stimgo, ProPlus and More at Agastya’s manufacturing facilities in Telangana and export besides serving local markets. It is an exclusive agreement for Agastya for southern states such as Telangana, Andhra Pradesh, Tamil Nadu and Karnataka to begin with and subsequently expanded to other states.
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We have chosen Agastya because of their strong presence, market access, financial soundness, manufacturing capabilities, infrastructure and marketing setup. Agastya has a portfolio of over 125 product portfolio. It has a turnover of over Rs 230 crore.
The agreement is the outcome of the just concluded BioAgri 2021, India’s biggest Conference on Bio Agri organised by BIPA(Bio Agri Input Producers Association) and held in The Hotel Westin in Madhapur Hyderabad.