Financial Daily from THE HINDU group of publications Saturday, Mar 27, 2004 |
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Agri-Biz & Commodities
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Research & Development Two cos join in Icrisat's venture Our Bureau
Hyderabad , March 26
BIOSEED Research India Pvt Ltd, a part of the Shriram Group, and Rusni Distilleries Pvt Ltd are the first two companies to give a kick-start to the agri-business incubator (ABI) at the International Crops Research Institute for Semi-Arid Tropics (Icrisat). The ABI, a collaborative venture between Icrisat and the Union Department of Science and Technology (DST), has launched commercial operations with these two private-sector clients. Rusni Distilleries, the first client for ABI, will collaborate in generating extra-neutral alcohol, a raw material for producing potable alcohol and fuel alcohol that can be added to petrol from sweet sorghum varieties developed at Icrisat. The collaboration will generate better value for sorghum, a crop of the semi-arid regions. Icrisat will help further increase the sugar content in the sorghum varieties. Bioseed Research would work on research project related to the application of agricultural biotechnology for the development of superior cotton hybrids. Icrisat will provide the technology assistance for using genetic tools to Bioseed Research. Further, the seed company can make use of Icrisat's greenhouse space, biotechnology labs and agricultural land for testing its material. The ABI Board of Governors met recently at the Icrisat. Mr William Dar, Director-General of the Icrisat said: "The ABI would provide entrepreneurs the necessary technological and infrastructure support to develop commercial ventures," an Icrisat release said. Some of the technologies being considered for incubation include production of biodiesel from jatropha and pongamia, sugar production from sweet sorghum, product development from hybrid paddy and development of biopesticides.
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