ANI PR Wire
17 Jan 2023, 15 GMT+10
New Delhi [India], January 17 (ANI/NewsVoir): Best Agrolife Limited (BAL) has informed that it has received the registration for the indigenous manufacturing of Cyhalofop-butyl u/s 9(3) by the Central Insecticides Board & Registration Committee. Cyhalofop Butyl is a post-emergence herbicide that controls grass weeds' growth in rice crops.
Vimal Alawadhi, MD, Best Agrolife Ltd (BAL), said, "India is the second largest producer of rice, and it is cultivated on about 44 million hectares in our country. However, rice grain production in India suffers a yearly loss of more than 15 million tonnes due to weeds competition, mainly grassy weeds."
He explained further, "A post-emergence, herbicide Cyhalofop-butyl, is used for controlling weeds in rice plantations. These herbicides stop weed growth immediately, thus minimising crop losses and facilitating high production."
With Cyhalofop-butyl, the organisation also announced that they had received the registration for the indigenous manufacturing of Propaquizafop Technical, another crucial post-emergence herbicide. Such indigenous manufacturing of herbicides can help rice production in India to a large extent by minimising losses. The estimated market size of Propaquizafop is Rs. 350 Cr. in India, and the global Cyhalofop-butyl market is set to reach USD 132.48 million in the coming years, as per market research.
Vimal Alawadhi concluded, "We received many important registrations and patents in the previous year, and the new year has begun on an excellent note as well. Our company achieved exponential growth in the last quarter, and we are scaling up our efforts and strategies to improve our performance further. A key element in this strategy is a continuously evolving product line. It helps us remain competitive and maintain our annual growth rate and EBITDA, which at present is at 30 per cent and 20 per cent, respectively."
BAL, as a company, manufactures Technical grade herbicides as well as the formulation of the molecules, which in turn helps in curtailing the surge in imports primarily from China which has made Indian manufacturing non-viable to a greater extent till now. These registrations have immense potential for value addition in Indian agriculture. They also work in line with the government policy of "Atmanirbhar Bharat" and "Make In India" mission.
BAL is a research-based company focused on bringing world-class and cost-effective crop solutions in the form of novel agrochemical formulations to the agricultural industry to improve crop productivity. Currently, BAL has 7,000 MTPA and 30,000 MTPA technicals and formulation manufacturing capacity, respectively, through three manufacturing plants in Gajaraula, Greater Noida, and Jammu & Kashmir. It boasts of having more than 5200 distributors in India. It retains an unrivalled portfolio of 360+ formulations and over 80 technical manufacturing licenses. The company recently moved to group A from Group B of companies on BSE.
This story has been provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)
Get a daily dose of Nepal National news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Nepal National.
More InformationBENTONVILLE, Arkansas: To attract and retain employees in a tight domestic labor market, Walmart has announced that it it will ...
NEW YORK, New York - U.S. stocks hesitatingly continued higher Friday, reflecting widespread gains, albeit modest ones, across the globe."We're ...
NEW YORK CITY, New York: As early as this year, lab-grown meat could be served in some restaurants in the ...
BANGKOK, Thailand: Following China's reopening and the end of its strict COVID-19 restrictions, businesses on Thailand's holiday island of Phuket ...
NEW YORK, New York - Recession fears faded on Wall Street Thursday as annualized 4th quarter GDP (gross domestic product) ...
WASHINGTON D.C.: In December 2022, US existing home sales declined to a 12-year low, but lower mortgage rates raised cautious ...
DHAKA, Bangladesh - The United States Agency for International Development (USAID) is committing an additional $75 million in humanitarian aid ...
KATHMANDU, Nepal - On Tuesday, a 37-year-old man died after setting himself on fire in front of the Parliament building ...
ISLAMABAD, Pakistan - Pakistan's intelligence and security agencies have revealed the script for a false flag operation involving alleged infiltration ...
New Delhi [India], January 28 (ANI): External Affairs Minister S Jaishankar on Saturday highlighted the importance of the great epics, ...
Washington [US], January 28 (ANI): Researchers report that elephants play a key role in creating forests which store more atmospheric ...
Rourkela (Odisha) [India], January 28 (ANI): Malaysia, France and Argentina registered wins in their respective classification matches in the ongoing ...