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Mankind Pharma enters into agri-tech segment with launch of Mankind Agritech

Ruchika SharmaWritten by Ruchika Sharma Published On 2022-04-05T11:48:49+05:30  |  Updated On 5 April 2022 11:48 AM IST
Mankind Pharma enters into agri-tech segment with launch of Mankind Agritech
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The decision behind foraying into this division is to assist Indian farmers by providing new-age technologies and helping farmers for the betterment of the rural sector, it added.

New Delhi: Mankind Pharma has announced the company's entry into the agri-tech segment, with plans to invest up to Rs 200 crore in the first two to three years. The company has set up a new arm Mankind Agritech Pvt Ltd, which will offer a variety of crop care solutions to Indian farmers, including weedicides, insecticides, fungicides, plant growth regulators and biologicals, Mankind Pharma said in a statement.

"We are happy to announce our launch in the agritech domain with long-term investment plans, with an initial (Rs) 150 to (Rs) 200 crore capex infusion in the first two to three years," Mankind Pharma Managing Director and Vice-Chairman Rajeev Juneja said.
Asserting that technology is playing a crucial role in ensuring the growth of the agriculture sector in India, he said, "Agritech has the potential to scale up the agricultural industry through technological intervention. If the farmers get the right products and tools they would be in a position to make an informed decision of using input and right technology".
The new vertical will be headed by Indian agrochemical industry veteran Partha Sengupta, who was the national marketing head and part of the senior leadership team at Dhanuka Agritech Ltd, overseeing marketing operations in India, Bangladesh and Nepal, the company said.
The decision behind foraying into this division is to assist Indian farmers by providing new-age technologies and helping farmers for the betterment of the rural sector, it added.

Read also: Mankind Pharma donates Rs 5 lakh to the family of Indian medical student who died in Ukraine

Mankind Pharma is the fourth largest pharmaceutical company in India headquartered in New Delhi, India. Its products range from Pharma, OTC and FMCG brands like Manforce Condoms, Unwanted 72, Prega News, Gas-O-Fast, Health OK Tablets, Acnestar Gel, Betakind Gargle and many others.
Read also: Mankind Pharma to acquire Panacea Biotech's domestic brands for India and Nepal for Rs.1,872 crore
mankind pharmamankind pharma newsmankind agritechagri-tech segment
Source : with inputs
Ruchika Sharma
Ruchika Sharma

    Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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