Proposal seeks contract manufacturing
HIL (INDIA) limited, a CPSU under the Department, is inviting agro-chemical manufacturers from China, Japan and South Korea business tie-ups such as contract manufacturing or plan-on-lease arrangement.
HIL has sent proposals through Indian Embassies and Missions in China, Japan and South Korea, inviting interested agro-chemical manufacturers to be their partners in India, the Ministry of Chemicals and Fertilizers said on 27 Apr 2020.
The investment proposals were floated after Minister of Chemicals and Fertilizers DV Sadananda Gowda had told Indian corporates especially PSUs under his Ministry to convert COVID-19 adversity into an opportunity of attracting investments from abroad.
On the recent performance side, despite facing lot of hurdles due to COVID-19 crisis, HIL said it is ensuring supply of essential chemicals such as DDT in Health segments and Seeds & Pesticides in Agriculture segments in various parts of the country.
During nationwide lockdown due to COVID-19, production has been affected in HIL’s Units.
However, the company has now shown a good sales performance during the week ended on 24 April, having sold 37.99 million tonnes of agro-chemicals, despatched 97 MTs of DDT, executed an export order of 10 MTs of Mancozeb 80% WP to Peru.
HIL has also drafted an agreement which has been shared with the Ministry of Agriculture for supply of Malathion Technical for Locust Control Programme. fiinews.com
