Regular Update
ATM News Network: Agrochemicals maker Safex Chemicals Limited will invest Rs 100 crores in its agricultural technology arm Agcare Technologies over the next 3-4 years to set up an interactive technology platform and manufacturing unit, Group Director Piyush Jindal, reported PTI, recently.
It plans to launch an interactive technology platform to integrate the entire value chain in the agricultural economy. Key stakeholders, especially farmers can purchase quality crop protection products. Also, services like weather updates, expert help and mandi rates can be availed on this platform, he said.
Jindal said, this interactive tech platform will be studied on pilot basis in January-March. The platform will be expanded in phases. Planning to go live in the next financial year. A new manufacturing unit will also be set up to meet the demand for existing and new products on animal feed solutions generated from the proposed platform.
He said Safex Chemicals will leverage existing domain expertise to establish a tech platform. The company has already made some investments in the technology. There are plans to gradually expand it. The company's revenue is likely to grow to Rs 1,220-1,250 crores by the end of 2022-23. Safex Chemicals currently has six manufacturing units in India and one in the UK.
