Bayer Closes Monsanto Integration in India
On September 13, 2019, the National Company Law Tribunal approved the merger of Monsanto India Limited into Bayer CropScience Limited, according to a report at Equity Bulls. Post the merger, Monsanto products will retain their brand names and become a part of Bayer’s product portfolio.
This integration brings together two highly complementary businesses, creating an innovation engine for Indian agriculture. Farmers in India will benefit from Bayer’s innovative crop protection products and Monsanto’s expertise in seeds & traits and digital farming applications.
Speaking about this strategic milestone for Bayer’s business in India, D. Narain, Managing Director & CEO, Bayer CropScience Limited, said, “Today is a great day for us! Bayer has been operating in India for more than 120 years and understands the needs and aspirations of Indian farmers. With the integration of Monsanto into Bayer in India, we will be able to provide Indian farmers a strong portfolio of innovation-led agricultural solutions. Our long-term goal is to unlock the growth potential of Indian agriculture as a global producer & exporter of food, feed and fibre.”