Hyd: PI Industries launches India's first indigenously developed insecticide, targets global markets

Hyderabad, Oct 31 (UNI) PI Industries Ltd on Saturday launched 'Pioxazon', an indigenously discovered and patented insecticide molecule, developed for controlling major pests in rice, maize and Bengal gram, marking a milestone in India's crop-protection research. The product, Pioxaniliprole 20 per cent SC, is the first insecticide molecule discovered and developed indigenously in India to complete the process of registration and commercialisation, the company said. Speaking at the launch, PI Industries Vice-Chairperson and Managing Director Mayank Singhal said the company had invested around Rs 2,000 crore in research and development to develop the product. The company plans to introduce four…