DuPont Strengthens Growing Seed Business in India
March 31, 2011 DuPont has made two cotton acquisitions in India to enhance its product lineup and strengthen its growing business there. Pioneer Hi-Bred, a DuPont business, has purchased the cotton seed business of Nandi Seeds, based in Andhra Pradesh, India, and acquired cotton germplasm from Nagarjuna Seeds, also based in Andhra Pradesh, India.
“These acquisitions will help us enter the cotton seed market here and meet the needs of Indian farmers who grow more than 9 million hectares of cotton each year-–more than anywhere else in the world,” said K.V. Subbarao, Pioneer India’s country manager. “Cotton is a natural fit for Pioneer in India. It completes our high-value product and service offering to farmers and enables us to further strengthen our growing seed business here.”
Pioneer currently offers corn, rice, pearl millet, sunflower and mustard in the Indian market and has grown revenue 40 percent annually for the last five years to reach about $70 million in 2008.
“Agriculture, food and nutrition is a key growth segment for DuPont in India, and these acquisitions are part of the company’s strategy to expand its presence here,” said Balvinder S. Kalsi, president of DuPont India. “We are positioning our market-driven science company to grow at a faster pace by leveraging opportunities that will enable us to contribute to India’s sustainable economic development.”
This is the latest in a series of investments by DuPont in India. Pioneer recently announced the opening of a new corn research center in Bangalore to speed delivery of new, improved products to market and meet the growing demand for food and feed. The new Bangalore center is the fifth field research facility in India for Pioneer and will develop high-yielding hybrids adapted to the unique growing conditions in the area. DuPont has significantly increased its seed research investment in India in 2008 and has increased capacity for product development and evaluation across the country.
DuPont also recently established the DuPont Knowledge Center (DKC) in Hyderabad, India, which includes the Biotechnology Research Center, a key location for global biotech research. This biotech 2 center is the first integrated agriculture and industrial biotechnology research center for DuPont outside the United States, and is one of five global agricultural biotech research facilities where DuPont conducts biotech discovery work. The other research facilities are in the United States (Wilmington, Del.; Johnston, Iowa; Redwood City, Calif.) and Beijing, China.
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