New Delhi, June 13: Shriram Farm Solutions, a subsidiary of DCM Shriram Ltd, on Tuesday announced signing of an agreement with US-based Nano-Yield for using the latter’s nano liquid technology in India.
Under the agreement, ‘Shriram’ will hold a technology transfer, supply and purchase agreement to use Nano-Yield’s nano liquid technology for its Indian customer base, it said.
“Our collaboration gives us the opportunity to bring the critical nano-technology to a vast array of agri-inputs, eventually helping in broad-basing nano-tech products for Indian farmers,” Shriram Farm Solutions Executive Director and Business Head Sanjay Chhabra said in a statement.
Before launch, the products will go through extensive trials in the Indian agro-climatic conditions. Post trial, the company will jointly develop products for the Indian market, he said, adding that the access to the nano technology will help effectively tackle the issue of Nutrition Use Efficiency.
It will pave the way for a shift towards sustainable agriculture, as nano technology significantly enhances the effectiveness of plant nutrition and liquid applications for crop protection, improving overall efficiency, he added.
Nano-Yield CEO and co-founder Clark Bell said this is a “landmark agreement” and “we are happy to collaborate with Shriram Farm Solutions as we will transfer our liquid nano-technology to them, which will further be used to enhance the efficiency of Shriram’s products.”
The products will be available for millions of Indian farmers and would further help improve their productivity, he said.
Marco Guirado, Nano-Yield Vice President of International Sales said this “multi-year agreement” will provide positive results and prove more than advantageous for the country’s farmers. Its implementation is going to be very important for both Nano-Yield and Shriram.
With the initial license of its technology, Nano-Yield expects to help ‘Shriram’ initially focus on two main crops for the Indian farmers: rice and wheat, it added.
Shriram Farm Solutions said there is also an expectation that the product will quickly be used to enhance and improve growing and harvesting of table grapes and bananas too. Other tropical fruits and vegetables will also see improved results. (PTI)
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