Dhanuka Agritech has signed a 'Letter of Intent' (LoI) with Spain-based Kimitec to explore various business opportunities, including setting up a joint venture in India for the development and commercialization of biological products using natural molecules & derived from natural sources. The two companies will also explore setting up a Research & Development facility in the country.
Biological products are derived from natural sources using botany, microbiology, microalgae, and bioinformatics. These represent a sustainable category of products providing crop protection, soil health, and plant nutrition. These products can be used individually or in combination with conventional chemical products as per the requirements.
Kimitec, is a cutting-edge biotech company & founder of MAAVi Innovation Center, the largest European biotech innovation hub dedicated to natural molecules. Kimitec has implemented a revolutionary AI platform at MAAVi Innovation Center. Known by the name of LINNA this AI platform is already providing Kimitec with around 35% of candidate compounds for product development.
Dhanuka Agritech is one of India’s leading agro-chemical Company. It has solutions for all major crops grown in the country including cotton, paddy, wheat, sugarcane, pulses, fruits & vegetables, plantation crops and others.
Company Name | CMP |
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UPL | 508.50 |
BASF India | 3714.95 |
PI Industries | 3768.05 |
Bayer CropScience | 5546.75 |
Sumitomo Chemical India | 406.20 |
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