ANDHRA PRADESH

ICRISAT inks pact with Nandan Biomatrix

Staff Reporter

NutriPlus Knowledge Centre to be developed in five years



Nandan Biomatrix to hand over its equipment to NutriPlus Knowledge Centre

State invests Rs. 2 crore on the project; Nandan Biomatrix to contribute Rs. 4 crore



Patancheru (Medak district): The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) on Thursday signed a Memorandum of Understanding (MoU) with the Nandan Biomatrix Limited.

The MoU was signed by William D. Dar, Director of ICRISAT, and V. Bhaskar Rao, Chairman of Nandan Biomatrix.

With this, the ICRISAT has initiated the functioning of the NutriPlus Knowledge Centre in the Agri-Science Park (ASP) located at its premises.

Speaking to reporters after the signing the MoU, Dr. Dar, ASP Managing Director Barry Shapiro and Bhaskar Rao said that Nandan Biomatrix, which had established research and development facilities in the ASP, would be handing over its equipment to the NutriPlus Knowledge Centre.

It would become a member of NutriPlus and continue to operate as a partner under the ASP.

30-crore project

Mr. Dar said that it was planned to develop the NutriPlus Knowledge Centre over a period if five years with an investment outlay of Rs. 30 crore.

While the State government had given Rs. 2 crore for this project, the new partner Nandan Biomatrix would be bringing in about Rs. 4 crore investments.

Pacts in pipeline

Three more prospective agreements were in the process. The Green Port Corporation, the first one, would contribute Rs. 2 crore and become a core member of the NutriPlus, and Yes Bank, the second one, would become the knowledge partner of the project and would contribute another Rs. 2 crore.

The ICRISAT, the third one, was making efforts to rope in New Zeland to invest about Rs. 5 crore in the project, he said.

“This is a public-private partnership programme aimed at assisting poor farmers to increase their revenues and give value addition to their produce.

Technology

While technology and capacity building will be taken up here, it is up to the private sector to make available the technology to the poor,” Mr. Dar said, adding that the NutriPlus would also provide knowledge support, undertake training and provide infrastructure and platform for innovation and research for the private sector.

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