Page 141 - CW E-Magazine (19-9-2023)

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HUGE POTENTIAL

Indian agrochemicals industry can grow over 9%

notwithstanding Chinese competition: Niti Aayog

India’s agrochemical industry has the industry needs to ponder why many
the potential to grow more than the Western countries are shifting from Para Toluene Sulfonyl Chloride (PTSCL)
current nine percent notwithstanding agrochemicals to biopesticides. “I have Manufacturer of (Cas Number : 98-59-9)
the competition from China, according seen it in many countries. The Nether- Pharma Intermediates,
to government think tank Niti Aayog lands hardly sells any agrochemicals.
member Mr. Ramesh Chand. The entire West is going in that direc- Silanes, and 2-Chlorotrityl Chloride (2CTC)
tion. I think in the long run this (Indian) Oilfield Chemicals. (Cas Number : 42074-68-0)
The Niti Aayog member was industry is required to pay attention to
addressing a panel discussion on the occa- even surpassed China according to dif- this aspect,” he said. Clotrimazole IP/BP/USP
sion of the Sixth Annual General Meet- ferent data sources, Mr. Chand said.
ing of Agro Chem Federation of India To boost exports, Chand said Hexamethyl Disilazane (HMDZ) 1-[(2-Chlorophenyl)(Diphenyl)
(ACFI) in the national capital recently. The Niti Aayog member further Indian companies need to conduct busi- (Cas Number : 999-97-3) Methyl]-1H-imidazole
stated, if India can achieve a 9% growth ness responsibly complying with issues (Cas Number : 23593-75-1)
“The agrochemical industry has rate in the absence of favourable China related to ESG (environment, social,
achieved a miracle growth of nine per factor, the China competition is not as and governance) which is much talked Hexamethyl Disiloxane (HMDO) Calcium Bromide Solution
cent… much of this growth rate has hard it was in the past. “We can easily about now. The agrochemical industry (Cas Number : 107-46-0)
happened during the COVID-19 pan- raise this growth rate from 9% to any- needs to focus on innovation to mini- (Cas Number : 7789-41-5)
demic years when the production activi- thing in the realm of reality,” he said. mise pollution and also come out with
ties were seriously disrupted,” he said. a document on ease of doing business Trimethyl Chlorosilane (TMCS) Calcium Bromide Powder
India’s exports have crossed $5-bn and On biopesticides, Mr. Chand said with compliances, he said. (Cas Number : 75-77-4) (Cas Number : 22208-73-7)

SUSTAINABLE ALTERNATIVES Ammonium Chloride

Biomaterials start-up, altM, raises $3.5-mn in seed (Cas Number : 12125-02-9) Zinc Bromide
(Cas Number : 7699-45-8)
funding Bromobenzene Calcium Bromide Mixture

Bengaluru-based biomaterials startup, carbon footprints across their supply “The scale-up of a technology from a (Cas Number : 108-86-1) (Cas Number : 7789-41-5 Mixture)
altM, has raised $3.5-mn in seed fund- chains. The start-up uses lignocellu- laboratory bench to commercial produc-
ing led by Omnivore. Other investors losic agricultural residues as their raw tion is not a trivial undertaking. Produc- Trityl Chloride (TTCL)
include Theia Ventures, Thai Wah Ven- material to produce advanced mate- tion scale-up is often the death-valley (Cas Number : 76-83-5)
tures, Sanjiv Rangrass, Neha Mudali- rials as alternatives to unsustainable for biotech startups. Our focus on go-to-
ar, Maninder Gulati from OYO, Mirik incumbents. Given its sustainability market strategy, execution, and produc-
Gogri from Spectrum Impact, and Paula potential and functional properties, tion scale-up will be the differentiator to Diethyl P- Toluene Sulfonyl
Mariwala from Aureolis Ventures. lignocellulosic biomass offers a unique most endeavours we see in the world of Oxymethyl Phosphonate (DESMP)
technological appeal to form a family biomaterials today,” said Mr. Garg. (Cas Number : 31618-90-3)
altM is Omnivore’s fi rst investment of materials. altM was founded in 2022
from its third fund, which recently had by Mr. Apoorv Garg and Mr. Yugal Raj Mr. Mark Kahn, Managing Partner
a fi rst close at $150-mn. This is also Jain, who met while working at Tesla at Omnivore, said, “With Apoorv and
the fi rm’s fourth investment under its in the US. The team also includes Yugal’s background in manufacturing
OmniX Bio initiative, which was set Mr. Harshad Velankar with over 20 years excellence, altM’s entry into industrial
up in 2021 to back early-stage agrifood of academic and industrial experience alternative materials will hasten the Corporate Office : Plant :
life science start-ups, Omnivore said across India, the US, and South Africa. global shift towards sustainability and 09th Floor, Onyx Business Center, Akshar Chowk, Plot No. 355, Manjusar-Kumpad Road,
in a statement. altM aims to develop He previously led bioprocess research circularity. Omnivore is very excited to Old Padra Road, Vadodara-390 020, Gujarat, INDIA Village : Manjusar, Taluka : Savli,
and manufacture scalable biomateri- at HPCL, with prior stints at Praj Indus- be a part of their journey as we kick off Phone : 0265-2981195, Mobile : +91-82380 46419 Dist. Vadodara, Gujarat, India Branch Office :
als to help large industries reduce their tries and Reliance Life Sciences. our new fund.” Email : info@cscpl.com, Skype : chemconscpl Phone : +91-2667-290128 Hyderabad
Website : www.cscpl.com
140 Chemical Weekly September 19, 2023 Chemical Weekly September 19, 2023 141

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