Indian Agrochemical Company Safex Chemicals to Make Long-Term Investment in Agtech
Indian agrochemicals maker Safex Chemicals Ltd. on Tuesday said it plans to invest Rs 100 crore in its new agri-tech arm, AgCare Technologies, in the next 3-4 years for launching an interactive tech platform and for setting up a manufacturing unit, according to Zee Business.
“We are investing Rs 100 crore from our own kitty. We are not raising any funds. The investment is planned for the next 3-4 years,” said the company’s Group Director Piyush Jindal.
The plan is to launch an interactive technology platform to integrate the entire value chain in the agri-economy. Key stakeholders, especially farmers, can buy quality crop protection products and get services like weather updates, experts’ help and mandi rates on this platform, he said.
“A pilot study of this interactive tech platform will be conducted in January-March. We plan to go live in the next fiscal year,” Jindal said, adding that the platform will be expanded in a phased manner.
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