PI Industries and C-CAMP Announce Strategic Partnership to Drive Innovation in Biocontrol Technologies

PI Industries Ltd. (PI), a leading player in Agri Sciences, has entered into a strategic partnership with the Centre for Cellular And Molecular Platforms (C-CAMP), an initiative of the Department of Biotechnology, Ministry of Science and Technology, Government of India. This collaboration marks a significant milestone in advancing sustainable and nature-driven solutions for agricultural challenges, positioning India at the forefront of global agri-tech innovation.

Under this partnership, C-CAMP has successfully transferred two breakthrough biocontrol technologies to PI on an exclusive basis. These cutting-edge solutions, AphidControl and XanthoControl, are set to revolutionise pest and disease management in agriculture by providing environmentally friendly alternatives to traditional chemical pesticides.

- AphidControl is a botanical insecticide designed to combat aphids, a major pest responsible for yield losses of up to 60% across various crops. This innovation can potentially benefit over 25 million farmers.

- XanthoControl is a biocontrol agent targeting Xanthomonas species, a pathogen responsible for significant crop diseases leading to yield losses of up to 80%. This technology has the potential to support over 45 million farmers fighting this menace.

Strategic Synergy & Global Expansion

This partnership is a significant step in PI's broader strategy to expand its presence in the biological sector. The company has consistently grown its portfolio, with biological products registering 45% revenue growth over the last two years. Adding C-CAMP's innovations complements PI's previous investments in biological solutions and other partnerships, further strengthening its integrated approach to sustainable agriculture.

PI aims to commercialise these innovative bio-solutions across key global markets, leveraging its robust R&D capabilities and international distribution network. By combining C-CAMP's scientific expertise with PI's market reach, this collaboration is poised to make a transformative impact on the future of agriculture.

Mayank Singhal, Vice Chairman & Managing Director, PI Industries Ltd., stated: "As the world confronts the dual challenges of climate change and food security, biological solutions have transitioned from being an option to a necessity. Through our collaboration with C-CAMP, we are leveraging cutting-edge science to develop sustainable, nature-driven solutions that not only mitigate immediate agricultural threats but also pave the way for a more resilient and eco-friendly farming ecosystem. This partnership reinforces our commitment to innovation and sustainability while taking India's scientific prowess to the global stage."

Shares of PI Industries Limited was last trading in BSE at Rs. 3088.30 as compared to the previous close of Rs. 3146.05. The total number of shares traded during the day was 5864 in over 1766 trades.

The stock hit an intraday high of Rs. 3135.00 and intraday low of 3081.05. The net turnover during the day was Rs. 18175897.00.

Source : Equity Bulls

Keywords

PIIndustries INE603J01030 StrategicPartnership CCAMP