Indian Economy News

Boosting agri ties: India, Russia sign MoU for commercialisation of biocapsule

The Indian Institute of Spices Research (IISR) under the Indian Council for Agricultural Research (ICAR) inked a Memorandum of Understanding (MoU) with Lysterra LLC, a Russia-based company for commercialisation of biocapsule, an encapsulation technology for bio-fertilisation.

All agriculturally significant microorganisms are encapsulated using microbial encapsulation technology, a significant invention patented by the IISR, to ensure efficient delivery of advantageous microorganisms as bio-fertilizers to crops.

Four Indian companies have already obtained non-exclusive licences from the IISR to use this cutting-edge technology in the commercial production of biocapsules.

According to Mr. T. Mohapatra, Director General, ICAR, new technology generation efforts and commercialisation attempts should go hand-in-hand for the overall development of the agricultural sector. The demand for new technology among foreign entities is indicative of its effectiveness

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