IPL Biologicals and Uzkimyosanoat Transform Uzbekistan's Agriculture with Biological Solutions

Recently, IPL Biologicals Ltd. (IPL) has forged a pioneering alliance with Uzkimyosanoat (UKS), a key branch of the Uzbekistan government, marked by the signing of a Joint Venture Agreement (JVA).

This groundbreaking partnership aims to transform the agricultural landscape by centering on the promotion, delivery, and manufacturing of agri-biological (microbial) items within Uzbekistan. These inventive products include bio-pesticides,bio-fertilizers, and bio-fungicides.

Under the joint venture, IPL Biologicals and UKS will hold ownership stakes of 51% and 49% respectively. The entire project is estimated to incur a cost exceeding $25 million. Building upon successful field trials that showcased remarkable results in cotton and other crops, the Ministry of Agriculture in Uzbekistan and UKS took the strategic step of partnering with IPL to introduce these cutting-edge products to benefit local farmers.

 IPL has already initiated the registration process for 11 bio-products after extensive field trials and lab tox tests, having secured the necessary permissions. The comprehensive goal is to register over 25 products in Uzbekistan, spanning bio-fertilizers (nutrition management), bio-pesticides (pest control), and bio-fungicides (disease control) for cotton, vegetables, and other key crops.

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On May 30, 2023, the formal Agreement was inked at the UKS office in Tashkent. UKS was represented by Chairman Timur Mukhamedjanov and Head of Investments Akbar Kurbanov, while President Harsh Bhagchandka and Head of International Business Deepak Singhal represented IPL.

Timur Mukhamedjanov, Chairman of the Board of Uzkimyosanoat Joint Stock Company, emphasized that the collaboration with IPL Biologicals perfectly aligns with their mission to elevate Uzbekistan's agricultural sector.

Further, he said that this joint venture signifies their dedication to ushering in a greener and more productive farming landscape by introducing advanced bio-inputs that enhance yields while curbing chemical reliance. A more potent, more sustainable agricultural future for Uzbekistan is at the forefront of this partnership's objectives.

Expressing enthusiasm for this significant development, Harsh Bhagchandka, President of IPL Biologicals Ltd., highlighted their excitement to collaborate with Uzkimyosanoat in bringing cutting-edge agri-biological solutions to Uzbekistan. The integration of innovative bio-pesticides, bio-fungicides, and bio-fertilizers not only prioritizes crop health but also environmental well-being. This strategic partnership reflects their steadfast commitment to sustainable and responsible agriculture, to positively impact the lives of Uzbekistan's farmers.

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Also, the collaboration has the potential to significantly assist Uzbek farmers, particularly those in the cotton sector, by lowering chemical dependency while increasing productivity and quality. The collaboration is being organized in close collaboration with the Agriculture Ministry and local wholesalers.

Furthermore, the joint enterprise expands the scope of these biological goods to neighboring CIS countries, demonstrating the possibility for widespread positive change.

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