Dhanuka Agritech signs Letter of Intent to set up JV with Spain-based cutting-edge biotech Kimitec

Date:02-02-2024

Dhanuka Agritech, one of the leading agri-input companies in India, announced that it has signed a 'Letter of Intent' with Spain-based Kimitec to explore various business opportunities, including setting up a joint venture in India for the development and commercialization of biological products using natural molecules & derived from natural sources.

The two companies will also explore setting up a Research & Development facility in the country.

Biological products are derived from natural sources using botany, microbiology, microalgae, and bioinformatics. These represent a sustainable category of products providing crop protection, soil health, and plant nutrition. These products can be used individually or in combination with conventional chemical products as per the requirements.

MAAVi Innovation Center at Kimitec

″As part of our continuous effort to offer the best products and solutions to the Indian farming community, we have signed a non-binding Letter of Intent with Spain’s Kimitec to explore various business opportunities, including setting up a joint venture in India and an R&D facility, as well as the commercialization of biological products. The demand for biological products is increasing globally, and we see an uptrend for these products in India too.″ said Mr. Rahul Dhanuka, Joint Managing Director, Dhanuka Agritech. 

Kimitec, is a cutting-edge biotech company & founder of MAAVi Innovation Center, the largest European biotech innovation hub dedicated to natural molecules. Kimitec has implemented a revolutionary AI platform at MAAVi Innovation Center. Known by the name of LINNA this AI platform is already providing Kimitec with around 35% of candidate compounds for product development.

"As part of our mission to change the way food is produced globally, we have identified Dhanuka Agritech Ltd as a perfect partner to bring our natural yet as effective as chemicals solutions to farmers in India,″ said Félix García, CEO of Kimitec. 

Kimitec operates in more than 100 countries around the world and collaborates with MNC’s to develop and commercialize biological products for B2B and B2C markets. 

Dhanuka Group already has tie-ups with seven leading agrochemical companies from the US, Japan, and Europe, to introduce the latest technology and products in India.

Dhanuka is focusing on technology advancement and precision farming, having invested in the leading agri-drone manufacturer – IoTechWorld Avigation Pvt. Ltd & farm to fork start up KisanKonnect Safe Food Private Limited.

Dhanuka has set up an R&D Centre in Palwal, Haryana. Dhanuka Group also has over 300+ registrations across Herbicides, Insecticides, Fungicides, and Plant Growth Regulators, and 90 products across all segments.