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Hyderabad, May 24, 2024: Coromandel International Limited, India’s leading agri-solutions provider, today introduced 10 new products aimed at enhancing crop yield, controlling pest infestations, and fostering sustainable agricultural practices across the country. These include three patented products, an innovative neem coated bio plant and soil health promoter and five generic formulations providing high-impact comprehensive crop protection solutions for the Indian farmer.
Company has partnered with ISK Japan to launch Prachand, a patented product, which utilises advanced Japanese technology to safeguard paddy crops from destructive pests such as stem borers and leaf folders, mitigating potential yield losses of up to 70% to the farmer.
Another highly destructive pest that devastates corn crops (up to 30% damage every year) is the fall armyworm. The company has developed a very unique formulation to effectively combat this menace for the corn farmer. Two novel patented fungicides have been launched to improve crop health and yields: 1) For long lasting control of a widely occurring disease (fungal attack called sheath blight) in rice; and, 2) An innovative fungicide solution that offers both contact (Surface) and systemic action (absorbed by crop for long lasting control) for comprehensive disease control in potato, grapes, and tomato crops.
The company has also launched five new generics, which includes 3 herbicides. With these introductions, Coromandel’s solution portfolio provides comprehensive crop protection solutions for various agricultural needs of the Indian farmer who is facing significant challenges controlling pest attacks.
In the last few years, the business has been strengthening its product portfolio by introducing new formulations and its share of sales from new products in FY23-24 stood at 15%. The new product introductions during the year would further enrich the product offerings from the company.
Dr. Raghuram Devarakonda, Executive Director, CPC, Bio Products & Retail, emphasised the significance of these launches, stating, “This marks the first time that Coromandel International has introduced 10 new products in a single year, with one product, Prachand developed through Japanese collaboration and four from in-house research. Our commitment to serving the farmers is evident in our research and development efforts to deliver research-based innovative solutions.
Backed by its extensive range of Natural Crop Essentials (Biologicals), Coromandel is adopting an integrated crop management approach, offering farmers holistic solutions from seed to harvest for key crops including cotton, rice, chilli, soybeans, pulses, and vegetables. Coromandel remains at the forefront of agricultural innovation and has introduced drone based spraying and crop diagnostics services to assist farmers in optimising crop management practices through precision farming techniques.”
