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Exuding confidence on its strong pipeline connecting with farmers and focus on innovations, agrochemical firm Insecticides (India) is confident of growing at a 20 percent CAGR over the next five years from a turnover of about ₹1,800 crore in 2022–23, said Managing Director and CEO Rajesh Aggarwal.
The company’s main thrust has been to offer off-patented pesticides, herbicides, and fungicides to Indian farmers at cheaper rates than multinational companies.
Aggarwal told BusinessLine: “We are increasing our manufacturing capabilities as we have been coming out with new products. Already, capacities in Gujarat and Rajasthan have been enhanced, while another new plant at near Behror, Rajasthan, is likely to be commissioned in two years. Our strategies have been to continuously develop new technicals and formulations in association with our Japanese partner.”
Host and producer: Prabudatta Mishra.
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