Financial Daily from THE HINDU group of publications
Friday, Nov 28, 2003
Financial Daily from THE HINDU group of publications Friday, Nov 28, 2003 |
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Corporate
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Announcements Agri-Biz & Commodities - Alternative Medicines Nandan Agro to unveil 7 safed musli formulations Our Bureau
Kolkata , Nov. 27 NANDAN Agro Farms is working on preparing seven formulations from an indigenous medicinal plant - safed musli. Mr C.S. Jadhav, Marketing Director of the Hyderabad-based company, said here on Thursday that one formulation had been prepared while six others were in an advanced stage. "We expect to file patent applications with the Indian authorities in the third quarter of 2004," Mr Jadhav said. Botanically called chlorophytum borivilianum, also known as `divya aushad' in Ayurveda, the medicinal plant is rich in herbal steroids and versatile in therapeutic value. Nandan's first product, `Bio Rhythm', has been billed as the desi version of Viagra. During the last seven years, the company has set up a commercial farming base for safed musli in various States through contract farming. Mr Jadhav said that currently, the medicinal plant was being grown on around 600 acres of land and that the company planned to increase the area to about 1,000 acres. The company has set up a model farm in West Bengal too.
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