Mitsui, PI Industries form agrochemical registration JV in India

Mitsui, PI Industries form agrochemical registration JV in India

5:05 AM, 2nd June 2016
Mitsui, PI Industries form agrochemical registration JV in India

TOKYO, JAPAN: Mitsui Chemicals Agro Inc (MCAG) and PI Industries Limited (PI) have entered into an agreement to establish a joint venture company in India. This joint venture company is being set up to provide registration services for MCAG’s proprietary agrochemicals and intends to leverage PI’s deep understanding of Indian agriculture, farmer’s needs, regulatory system and MCAG’s capability of delivering innovative agrochemicals.  

Mitsui Chemicals will own 51 percent and PI will own 49 percent in the joint venture with the name SOLINNOS Agro Sciences Private Limited and headquarter at Gurgaon, Haryana (India) for providing registration services to MCAG.

This tie up will further strengthen collaboration between the two companies and help them bring innovative product solutions in India to enhance farm productivity.

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