Monday, August 8, 2011

Godrej Agrovet enters Hybrid Seeds business in India

Godrej Agrovet enters Hybrid Seeds business in India

Godrej Seeds & Genetics Limited (GSGL), formed to enter Hybrid Seeds business.

Godrej Agrovet Limited (GAVL) announced today the formation of a new subsidiary, Godrej Seeds & Genetics Limited (GSGL), which will serve as its vehicle for entering the hybrid seed business in India. 

Godrej Seeds & Genetics Limited will focus its efforts on three major field crops: Maize, Paddy, and Bajra.  It will be based at Hyderabad and would include all existing hybrid seed sales and breeding activities that were previously directly managed by Godrej Agrovet. 

Dharmender Kumar, an experienced leader from the Indian seed industry will serve as CEO of this new business.  Dharmender was previously the CEO of Victory Marvel Seeds and has earlier worked for Dhaanya Seeds, Monsanto, and Pioneer. 

Balram Singh Yadav, Managing Director, Godrej Agrovet, expressed excitement about this new venture.  Speaking on the occasion he said, “We believe the future of the Indian seed industry is still being written.  Despite the presence of multinational players, there remains tremendous scope for introducing superior germplasm to Indian farmers.  For a few years now, we have been working quietly in this space and we are ramping up our efforts for a major commercial debut.”
About Godrej Agrovet Limited
Godrej Agrovet Limited (GAVL), a subsidiary of Godrej Industries, is a diversified agribusiness company dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields.  With FY2010-11 sales of Rs 1897 crore, GAVL has interests in animal feed, oil palm, agri inputs, hybrid seeds, and poultry. 

For further details pls contact
Atul Malikram

No comments:

Post a Comment