MUMBAI: German agrochemicals major Bayer NSE 0.45 % on Thursday said it has inaugurated a new Ethiprole manufacturing plant at its Vapi site in Gujarat, with an investment of Rs 200 crore (24 million euros). The new facility will cater to domestic demand as well as exports across the Asia Pacific and Latin America, it added.
"The agriculture sector is currently the largest end-user of Ethiprole, which is emerging as one of the best insecticides for a variety of crops.With our new insecticide plant, we will fulfil domestic needs for Indian agriculture and also export to global agricultural markets.
"India is one of our key growth markets in Crop Science and with this strategic investment, we aim to further enhance our global competitiveness in agrochemical manufacturing and supply chain," Bayer Vapi director Narendra Shah said in a statement.
"India is one of our key growth markets in Crop Science and with this strategic investment, we aim to further enhance our global competitiveness in agrochemical manufacturing and supply chain," Bayer Vapi director Narendra Shah said in a statement.
Ethiprole is an active ingredient used in insecticides for crop protection products.