IPL Biologicals, an agrobiotech company, has signed a Memorandum of Understanding (MoU) with the Gujarat government to build a state-of-the-art biofertilizers, bio pesticides, bio fungicides, and microbial growth promoter facility in the region for Rs 400 crore.
IPL Biologicals envisions the MOU with the Gujarat government to develop a new facility as a significant contributor to sustainable agriculture, aligning with the national goal of adopting the most organic and sustainable practices by 2030. The first phase of production will be focused primarily on biological agriculture products, followed by probiotics and enzyme products. The project will focus on reducing chemical use in agriculture and providing safe food production to the world.
Talking about the MOU, Harshvardhan Bhagchandka, President of IPL Biologicals said “ This manufacturing unit will be a fully automated state-of-the-art facility and it will not only contribute to the local economy but also elevate India's standing in the global arena of biotechnology”
The development and start-up of IPL Biological's agro-biological production facility is scheduled for mid-2025. Energy efficiency is a critical component of IPL Biological's sustainability strategy. IPL Biologicals is also committed to advanced water management, including cutting-edge Zero Liquid Discharge (ZLD) facilities.
IPL Biologicals is set to create over 500 direct and indirect jobs, fostering skilled and scientific communities and driving regional economic growth.