Jubilant Life Sciences, a renowned player in global bulk and specialty chemicals industry, has recently received a go-ahead from the Centre’s green panel to set up a pesticide manufacturing unit in Bharuch, Gujarat. According to sources, this project entails a total investment of INR 250 crore and power requirement of over 4MW.
In earlier news, reports state that Jubilant’s proposal to EAC (Expert Appraisal Committee) included the establishment of manufacturing facilities with over 30 technical grade pesticides and intermediates, accounting for a total production capacity of 32,350 tons every year. The proposed unit, according to sources, is expected to be set up in a 20-hectare area in Vagra taluka, which is located in Bharuch SEZ (Special Economic Zone).
For the record, the Uttar Pradesh-based Jubilant Life Sciences company is highly involved in research and development of synthetic organic chemicals, agri intermediates, and advanced pharmaceutical ingredients among others. Industry experts cite that Jubilant’s greenfield project has received an environmental clearance from the union environment ministry, however, they are still subject to some regulatory compliances. Among the conditions that were specified by the EAC, sources cite that Jubilant has been asked to include the manufacturing of 10% of bio pesticides of its total tech grade pesticides production. Amidst the backdrop of this scenario, experts speculate this move to have a substantial impact on the regional biopesticides industry. Moreover, this move is also likely to encourage other manufacturers to shift their focus toward bio-based products, in turn uplifting biopesticides market share.
Reports claim that bio-pesticides are obtained from natural sources such as protozoans, bacteria, algae, fungi, etc., and are effective alternatives to chemical pesticides. Supportive regulations and initiatives toward “Green-Growth”, have further propelled biopesticides market growth, claim analysts.
Meanwhile, the company has been asked to get a consent and conform to standards from the state pollution control board to operate its greenfield pesticides manufacturing unit.