nav Searchuser
Maxunitech Inc.
Beijing Multigrass Formulation Co., Ltd.

Insecticides (India) eyes 15-20% growth this fiscal on good monsoonqrcode

Aug. 1, 2017

Forward Favorites Print Aug. 1, 2017
 As monsoon gets better this year, Insecticides (India) Ltd is targeting a growth rate of 15-20 per cent this financial year against an industry growth rate of 3-4 per cent in the last two years.

“The industry has been very tough for the pesticides due to unfavourable monsoon. But there seems to be a good monsoon this year despite difficulties in some parts of the country. The industry is expected to grow at 10 per cent this year. But we are looking at a growth of 15-20 per cent,” said Rajesh Aggarwal, MD.

The agro chemicals manufacturing company has registered sales of ₹1,100 crore last year, with over 75 per cent of the revenues from the 15 key products. He is in the city to launch Kayakalp, a ‘soil revitalizer’ product in Andhra Pradesh and Telangana.

Pegging the size of the agro chemical market at ₹20,000 crore (about $3 billion), he said the industry experts saw this year as a year of recovery after two difficult years.

The firm is looking at investing ₹30 crore in the next two years to expand its capacities. “We are in the process of roping in partners to tap the markets abroad,” he said.

Picture 0/1200

More from AgroNews

Sichuan Lomon Bio Technology Co., Ltd.

Magazine

Annual Review 2018 Chinese issue of Annual Review 2018
Chinese issue of 2018 Market Insight 2018 Market Insight
Chinese issue of 2018 CRO & CRAO Manual 2018 CRO & CRAO Manual
I wanna post a press Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.