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PI Industries and Mitsui Chemical Agro to establish a Joint Venture for Agrochemical registration in India
May. 31, 2016
PI Industries Ltd
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PI Industries Limited (PI) and Mitsui Chemicals Agro, Inc. (MCAG) jointly announced recently to have entered into an agreement to establish a joint venture company (SOLINNOS Agro Sciences) in India.
This joint venture company is being set up to provide registration services for MCAG’s proprietary agrochemicals and intends to leverage PI’s deep understanding of Indian agriculture, farmers needs, regulatory system, etc. and MCAG’s capability of delivering innovative agrochemicals.
This tie up will further strengthen collaboration between the two companies and help them bring innovative solutions in India to enhance farm productivity.
About Joint Venture Co.
To be formed by Mitsui chemical agro (51%) and P I Life Science Research Ltd, a wholly owned subsidiary of PI (49%) with the name SOLINNOS Agro Sciences Pvt Ltd and headquartered at Gurgaon, Haryana for providing registration services to MCAG.
This joint venture company is being set up to provide registration services for MCAG’s proprietary agrochemicals and intends to leverage PI’s deep understanding of Indian agriculture, farmers needs, regulatory system, etc. and MCAG’s capability of delivering innovative agrochemicals.
This tie up will further strengthen collaboration between the two companies and help them bring innovative solutions in India to enhance farm productivity.
About Joint Venture Co.
To be formed by Mitsui chemical agro (51%) and P I Life Science Research Ltd, a wholly owned subsidiary of PI (49%) with the name SOLINNOS Agro Sciences Pvt Ltd and headquartered at Gurgaon, Haryana for providing registration services to MCAG.
Source: PI Industries Limited
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