Agro-chemicals maker Insecticides India has entered into a marketing tie-up with Nissan Chemicals of Japan to distribute ‘Pulsor' fungicide, which prevents sheath blight in rice, in India.
Nissan Chemical's fungicide product contains a chemical Thifluzamide, which has a huge market in India. “With the launch of Pulsor, we aim to capture 33 per cent of the Rs.200-crore sheath blight preventive fungicides market for rice in India in three years,” Insecticides India Managing Director Rajesh Aggarwal told journalists here.
The total market size for all kinds of fungicides related to rice in the country is estimated at Rs.800 crore. Thifluzamide is a preventive and curative fungicide that helps in checking the Rhizoctonia fungus which causes the fungal disease sheath blight in rice.
Insecticides India makes both technical grade pesticides and formulations. Its product range caters to almost all crops, including famous brands Monocil, Victor, Lethal and Thaimate. About one-third of the company's revenues come from these four products.
The company is also undertaking an expansion programme to ramp up its formulations production capacity to 5 lakh tonnes per annum from 3.5 lakh tonnes. Its technical production capacity would be increased to 22,000 tonnes from 12,000 tonnes.