Agro-chemical firm Insecticides India plans to invest Rs 200 crore on expansion of its existing plant over the next three years and set up new units in Gujarat and Rajasthan for further growth of the business.
The Rs 1,100-crore company is expecting 10-15 per cent growth in its revenue this fiscal banking on forecast of normal monsoon rains and launch of 7-8 new products, its MD Rajesh Aggarwal told reporters here.
"We are launching today three insecticides products and one fungicides that will help farmers in protecting crops like cotton, paddy, pulses and vegetables," he said.
All the four new products -- Encounter, Sofia, Alkido and Hercules -- are based on the combinations of two products that will provide synergistic effect in terms of better control and efficacy, he added.
On revenue outlook, Aggarwal said: "We are expecting about 10-15 per cent growth if there is a good monsoon with well-distribution of rains."
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