With the Maha harvesting season on the horizon, CIC Agri-Business has made several strategic investments and acquisitions to develop and expand its organic fertilizer production. The focus on organic fertilizer comes after the government’s abrupt ban on inorganic fertilizer imports despite protests from local farmers.
CIC Agri recently acquired the startup Bio Technologies Ltd (BTL), which produced a value-added organic fertilizer under the brand name BioCarbon. Organic fertilizer, which gained popularity among local farmers, has several advantages over conventional compost.
The new organic fertilizers were considered as easier to handle with higher nutrient content and lesser volume. The fertilizer was also found to remain in the soil longer than conventional compost. Along with the acquisition, CIC hopes to increase its production capacity to 1000 tons to contend with the demand of the forthcoming Maha cultivation season.
CIC also signed a Memorandum of Understanding (MoU) with Sri Biotech, a subsidiary of Hatton Plantations, to develop two bio-fertilizers for tea and vegetable plantations. They are also carrying out negotiations with Green Form Bio and Green Vision India to trail several bio-pesticides.
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