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Business EconomyPosted at: Feb 15 2021 6:54PM


NRGene signs agreement to transfer its crop breeding program to Foragen Seeds

Hyderabad, Feb 15 (UNI) Israeli Genomics AI company, NRGene has signed an agreement to transfer its India-based 8-year-old crop breeding program of maize, rice and chili-pepper to Hyderabad-based Foragen Seeds.
NRGene is focused on developing software genomics solutions for the agri-tech industry. Therefore, it selected Foragen Seeds as its Indian partner to advance the field breeding program of elite seed development and product commercialization.
Since 2012, NRGene has carried out broad molecular breeding projects for the Indian market.
NRGene has applied genomics artificial intelligence to map complex traits, segregating in the actual breeding population, and developing DNA markers for those traits. The germplasms and breeding materials will significantly help in developing a robust commercial product pipeline suited to the various climate zones in India and other tropical and sub-tropical countries.
Announcing this at a media interaction via video conferencing, NRGene CEO Dr Gil Ronen said “Out elite germplasm commercialized and cultivated across India, providing Indian farmers with extra yield and quality”.
Foragen Seeds Private Limited CEO and Co-Founder Prabhakar Babu Gunturu said, “ Foragen Seeds is aiming to be a top notch forage seed company in the next three to five years, this agreement augments our position in the field crops business. After evaluation of the NRGene’s germplasm and the creation of hybrids in the coming seasons, Foragen Seeds will be set to launch new commercial products for the Indian market”, he added.
Mr Prabhakar said that Foragen Seeds is the largest seed producer of fodder in the country. The company has five processing units and two Research and Development Centres--one in Hyderabad and another in Bellary. The company's seed production capacity was 2,000 tons. It has 4.5 lakh customers in 12 states.
Stating that the company turnover is Rs 83 crore, Mr Prabhakar said the company head count is 68 members.
At present our focus is the domestic market, he said and added that the exports to be considered in the next five years.
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Tags: #NRGene signs agreement to transfer its crop breeding program to Foragen Seeds
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