ePlanet Ventures invests in Sree Ramcides Chemicals
Feb. 23, 2009
ePlanet Ventures, the world’s leading global venture capital firm headquartered in Silicon Valley, California, announced an investment in one of the India’s leading agro chemical companies, Sree Ramcides Chemicals Private Limited. The Company’s products are primarily used in the crop protection and plant health & nutrients space.
“We believe that Indian agro companies will significantly grow in the coming years in spite of the global recession due to increasing food demand, lower usage of crop chemicals and lower crop acreage,” says ePlanet Ventures Managing Director, Chandrasekar Kandasamy. “Ramcides, being one of the leaders in the manufacture of crop protection chemicals and plant health & Nutrients segment, is well positioned to address this growth opportunity.”
Speaking on the occasion, R.Padmanabhan, Managing Director of Ramcides said, “India is the 4(th)largest agrochemicals producer after USA, Japan and China. Ramcides has a growing presence in the crop protection and plant nutrient sectors. ePlanet Ventures’ investment will help us to grab growth, expand our manufacturing facilities and enter into new areas like micro nutrients.”
“Ramcides exemplifies our strategy of investing in companies with a potential to become category-dominant leaders. With presence all across India, Ramcides is best positioned to expand and develop with the growing India agro market.” commented Asad Jamal, Chairman and CEO of ePlanet Ventures. “We are very pleased to add Ramcides to our global portfolio.”
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