Indian govt approves merger of two public sector units
−− In order to provide quality, affordable seeds to farmers
Dec. 30, 2013
The move aims to provide quality, affordable seeds to every farmer, no matter how remote his residence in the country.
The statement said the move will serve the interest of farmers and enable them to handle better the changing requirements of the agriculture sector.
The merged entity is expected to occupy the prime position in the Indian seed industry by the year 2020.
The combined turnover would increase from Rs.1,180 crore to Rs.2,046 crore by 2017, and be about Rs.3,112 crore by 2020, the statement said.
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