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Dhanuka Agritech looking to set up JV with Spain-based biotech firm Kimitec

The two companies will also explore setting up a Research & Development facility in the country, Dhanuka Agritech said in a statement.

February 07, 2024 / 14:22 IST
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Dhanuka Agritech looking to set up JV with Spain-based biotech firm Kimitec

Agrochemical firm Dhanuka Agritech is exploring options to set up a joint venture with Spain-based Kimitec for the development and commercialization of biological products meant to improve crop health.

Gurugram-based Dhanuka Agritech has signed a 'Letter of Intent' with Kimitec to "explore various business opportunities, including setting up a joint venture in India for the development and commercialization of biological products using natural molecules and derived from natural sources." The two companies will also explore setting up a Research & Development facility in the country, Dhanuka Agritech said in a statement.

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Biological products are derived from natural sources using botany, microbiology, microalgae, and bioinformatics.

These represent a sustainable category of products providing crop protection, soil health, and plant nutrition. These products can be used individually or in combination with conventional chemical products as per the requirements.