Business
PI Industries spends Rs 2,000 crore on insecticide molecule
The Indian Express·
PI Industries plans to launch Pioxaniliprole, sold as Pioxazon, in the coming rabi season. Managing director Mayank Singhal called it India’s first indigenously discovered insecticide molecule. Regulators approved a 20 percent concentrate for rice, chilli, tomato and chana. Singhal said the firm invested roughly Rs 2,000 crore over a decade. Company revenue is listed at Rs 6,713.70 crore.
Prism
What It Means For You
- Farmers may spray the product next month on rice, chilli, tomato and chickpea crops.
- Listed targets include yellow stem borer, leaf folder, fall armyworm, tobacco cutworm, fruit borer and pod borer.
- The approved form is a 20 percent weight-by-volume suspension concentrate.
What's Happening
- Regulators cleared the molecule after studies and multilocation field trials, Singhal said.
- Pioxaniliprole belongs to the anthranilic diamide class of insecticides.
- It acts on ryanodine receptors in caterpillar insects, causing paralysis and death, the report said.
Cost of a New Molecule
- Singhal said developing a new active ingredient costs about $300 million globally.
- PI says its own outlay was about Rs 2,000 crore across more than a decade.
- Other diamides named in the report include flubendiamide, cyclaniliprole and tetraniliprole.
all-news