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Sumitomo Chemical India Ltd (SCIL), one of India’s leading agrochemical companies, has listed its equity shares on the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange). The listing followed the successful completion of the merger of Excel Crop Care with the company in August 2019.

SCIL got listed with the opening bell ringing ceremony at BSE, presided over by Ray Nishimoto, representative director and executive vice-president, Sumitomo Chemical Company, Japan (SCC Japan), Mukul Asher, chairman, SCIL, and Chetan Shah, managing director, SCIL.

Commenting on the occasion, Nishimoto said, “Today is an important milestone for us and over the last 20 years since we set up our Indian operations, SCIL has built strengths that have helped it become a leading agro-solutions player in India.”

“India is a country with great opportunities and a growing market which is of utmost importance to us, and we are confident SCIL would continue its journey of growth and success in India going forward for a long period of time.”

“SCC Japan and SCIL would continue to partner with Indian farmers and support India’s strategic vision towards increasing farmers’ incomes and achieving food safety for India’s growing middle-class population,” he added.

Asher, who also serves as indepenent director, SCIL, said, “I would like to take this opportunity to thank all our stakeholders for their over whelming support, that guided us through this integration process and set us on the path of an exciting new journey.”

“With the core values of excellence, customer focus, integrity, people focus, respect and sustainability, we aim to be a trusted market leader in the coming years. We look upon good corporate governance practices as a key driver of sustainable corporate growth, long-term stakeholder value creation and benefiting the society at large,” he added.

Shah said, “The listing on the stock exchanges marks an important step in our growth journey towards creating a leading agrochemical company in India. We will be focussed on delivering high-quality products, investing in people, technology and innovative solutions and undertake continuous improvements to maximise operational efficiency.”

“We will continue with even greater enthusiasm in our endeavours and with stronger commitment to leverage our competitive advantages, create new opportunities, traverse new boundaries and deliver greater stakeholder value,” he added.