India Agri Business Fund has announced an investment of Rs.50 crore in the Hyderabad-based Super Agri Seeds Pvt. Ltd. to finance its expansion and set up Research and development centres here and in Bangalore.
The company markets about 140 hybrid and varietal seeds under the brand name of Super Seeds across the country and has presence in paddy, cotton, maize, sunflower, bajra and vegetable crops.
Addressing a press conference here on Friday, Managing Director, Ravi Srinivas, said the size of the private seed industry was around Rs.9,000 crore. It was registering 20 per cent growth annually, he added. To scale up its operations, the company proposed to form joint venture in the field of R & D.
He said the company's turnover in 2012 was expected to be Rs.75 crore.