"India has emerged as a favourable option for countries seeking to reduce their dependency on China"
AgroSpectrum|AgroSpectrum India August 2023
Safex Chemicals India Limited is a prominent agrochemical company with over 500 employees and a wide network of 10,000 distributors. The company is a leading player in the manufacture and sale of crop protection products across India, operating in 17 states. Over the past five years, Safex has achieved an impressive revenue performance with a Compound Annual Growth Rate CAGR) of more than 25 per cent. Shedding light on the company's future plans and the current status of the agrochemical industry, S K Chaudhary, the Founder and Director of Safex Chemicals, shares his insights in an exclusive interview with AgroSpectrum. Edited excerpts:
Dipti Barve
"India has emerged as a favourable option for countries seeking to reduce their dependency on China"

How do you envision the future of the agrochemical industry in India? 

The Indian agrochemical industry is currently thriving and shows promising prospects for the future. Given the evolving global political landscape, India has emerged as a favourable option for countries seeking to reduce their dependency on China, leading to the expectation of significant growth in international trade. Even the domestic industry is flourishing, witnessing a remarkable CAGR of 7-8 per cent per annum.

Safex Chemicals recently announced a substantial investment plan of Rs 1 billion in its new agri-tech arm, AgCare Technologies, to be accomplished over three years. Could you elaborate? 

Bu hikaye AgroSpectrum dergisinin AgroSpectrum India August 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

Bu hikaye AgroSpectrum dergisinin AgroSpectrum India August 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

AGROSPECTRUM DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Centre directs NCCF and NAFED to procure 5 lakh tonnes of onion
AgroSpectrum

Centre directs NCCF and NAFED to procure 5 lakh tonnes of onion

In the current year, the government has directed The National Cooperative Consumers' Federation of India Ltd (NCCF) and National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) to initiate procurement of 5 lakh tonnes (LT) of onion for the buffer requirement directly from the farmers as Rabi-2024 harvest started arriving in the market.

time-read
1 min  |
AgroSpectrum India May 2024
APSEZ to acquire 56% stake in Gopalpur Port Ltd
AgroSpectrum

APSEZ to acquire 56% stake in Gopalpur Port Ltd

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to purchase 56 per cent stake of the SP Group and 39 per cent of Orissa Stevedores Limited (OSL) in Gopalpur Port Limited (GPL).

time-read
1 min  |
AgroSpectrum India May 2024
FMC India launches innovative precision agriculture platform Arc farm intelligence
AgroSpectrum

FMC India launches innovative precision agriculture platform Arc farm intelligence

FMC India, an agricultural sciences company, has launched its innovative precision agriculture platform Arc farm intelligence in India.

time-read
1 min  |
AgroSpectrum India May 2024
IFFCO inks MoU with ACME to buy 2 LMT of commercial grade ammonia
AgroSpectrum

IFFCO inks MoU with ACME to buy 2 LMT of commercial grade ammonia

Cooperative fertiliser major IFFCO has signed a memorandum of understanding (MoU) with renewable energy company ACME for supply of commercial-grade ammonia.

time-read
1 min  |
AgroSpectrum India May 2024
Argus launches first low and zero-carbon nitrogen fertiliser assessments
AgroSpectrum

Argus launches first low and zero-carbon nitrogen fertiliser assessments

Global energy and commodity price reporting service Argus launched the world’s first assessments for low and zero-carbon calcium ammonium nitrate (CAN), an important nitrogen-based fertiliser used extensively in Europe.

time-read
1 min  |
AgroSpectrum India May 2024
CNH adds Multi-Vehicle Simulator to India Technology Center
AgroSpectrum

CNH adds Multi-Vehicle Simulator to India Technology Center

CNH, a global leader in agricultural and construction solutions, announced the addition of a cutting-edge Multi-Vehicle Simulator (MVS) at the company’s India Technology Center (ITC).

time-read
1 min  |
AgroSpectrum India May 2024
IIM Lucknow study reveals Agtech platforms' role in digitising Indian agriculture'
AgroSpectrum

IIM Lucknow study reveals Agtech platforms' role in digitising Indian agriculture'

Indian Institute of Management Lucknow’s research underscores the importance of digitising India’s farming and agricultural sectors and its potential to revolutionise the entire industry.

time-read
1 min  |
AgroSpectrum India May 2024
ICRISAT study unveils decentralised Biochar production system for farmlevel sustainability
AgroSpectrum

ICRISAT study unveils decentralised Biochar production system for farmlevel sustainability

A recent study by the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) scientists explores the design of an affordable, farm-level operable kiln for biochar production aimed at supporting smallholder farmers.

time-read
1 min  |
AgroSpectrum India May 2024
Australia to develop a National Statement on First Nations in Agriculture
AgroSpectrum

Australia to develop a National Statement on First Nations in Agriculture

All Australian agriculture ministers have agreed to develop a National Statement on First Nations in Agriculture.

time-read
1 min  |
AgroSpectrum India May 2024
ICAR-DCFR patents a diagnostic solution that rapidly detects deadly fish pathogen L. garvieae
AgroSpectrum

ICAR-DCFR patents a diagnostic solution that rapidly detects deadly fish pathogen L. garvieae

In a significant stride towards combating the devastating impact of Lactococcus garvieae, ICAR- Directorate of Coldwater Fisheries Research (DCFR), Bhimtal clinched its patent for a pioneering diagnostic solution.

time-read
1 min  |
AgroSpectrum India May 2024