Agastya Agro signs pact with BioAg USA for tech collaboration

Hyderabad City-based Agastya Agro Ltd, which is into Agro Chemicals, has signed an agreement with USA-based, Primary BioAg Innovations (PBI), a BioAG solutions company, for collaboration in Plant Nutrition technology.

The agreement is the outcome of the just-concluded BioAgri 2021, India's biggest conference on Bio Agri organised by BIPA (Bio Agri Input Producers Association).

The commercialisation agreement was signed between both the companies and exchanged by CHV Srinivas, Director of Agastya Agro Ltd and Roger Tripathi, Founder Chairman and CEO of Primary BioAg Innovations, in a brief function here on Saturday.

Primary BioAg Innovations is the Global Company, which has a presence in 17 countries with innovation and manufacturing facility collaborations in 6 countries across the globe such as the USA, Mexico, Italy, Turkey, South Korea, and China etc. With business development partners in all these countries plus Philippines, Indonesia, Malaysia, Vietnam, Greece, Balkans, Brazil, West Africa and Bangladesh etc.

As part of the partnership, Primary BioAg Innovations immediately started commercialising their product portfolio such InnoAgStart, and Stimgo, ProPlus. In the future PBI also intends to transfer and adapt the technology to India under the Make in India program, at Agastya's and other Indian partners' facilities in Telangana and export besides serving local markets.

It is an exclusive agreement for Agastya for southern states such as Andhra Pradesh, Tamil Nadu and Karnataka besides Telangana to begin with and subsequently expand to other states.

We have chosen Agastya because of its strong presence, market access, financial soundness, manufacturing capabilities, infrastructure and marketing setup. Agastya has a portfolio of over 125 products with a turnover of over Rs 230 crore.

"We have market proven, unique, well-differentiated, safe and Efficacious bio-nutritional products. Our products are compatible with integrated and sustainable crop management for improved crop productivity and profitability for farmers and contribute to food safety and food security for consumers said," Roger Tripathi said

"Primary BioAg Innovations (PBI) is striving to be a best-in-class bio-products and soil to shelf agri-solution company with a uniquely diverse product portfolio including bio-fertilisers and bio-nutrients compatible with all integrated crop management inclusive soft chemistry approach," adds Umesh Verma, Business Development Partner, South Asia.