ePlanet Ventures, the worlds leading global venture capital firm, has announced an investment in one of the Indias leading agro chemical companies, Sree Ramcides Chemicals Private Limited.
The products of Sree Ramcides Chemicals Private Limited are primarily used in the crop protection and plant health & nutrients space.
According to ePlanet Ventures Managing Director, Chandrasekar Kandasamy, "We believe that Indian agro companies will significantly grow in the coming years in spite of the global recession due to increasing food demand, lower usage of crop chemicals and lower crop acreage."
"Ramcides, being one of the leaders in the manufacture of crop protection chemicals and plant health & Nutrients segment, is well positioned to address this growth opportunity," added Kandasamy.
As per R.Padmanabhan, Managing Director of Ramcides, "India is the 4th largest agrochemicals producer after USA, Japan and China. Ramcides has a growing presence in the crop protection and plant nutrient sectors. ePlanet Ventures investment will help us to grab growth, expand our manufacturing facilities and enter into new areas like micro nutrients."
The Chairman and CEO of ePlanet Ventures, Asad Jamal said, "Ramcides exemplifies our strategy of investing in companies with a potential to become category-dominant leaders. With presence all across India, Ramcides is best positioned to expand and develop with the growing India agro market. We are very pleased to add Ramcides to our global portfolio."
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