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Our Bureau

Hyderabad , Feb. 22

Buoyed by the growing opportunities in the area of contract manufacturing, Sri Biotech, a Hyderabad-based bio-pesticides and bio-fertilisers manufacturer, proposes to embark upon an expansion programme to more than double its production capacity.

The company plans to set up a facility at Pashamylaram in the city outskirts at an investment of Rs 2 crore.

CAPACITY HIKE

While the company's existing installed capacity stands at 2,000 tonnes per annum (tpa), the new facility would have a capacity of 3,000 tpa, said Dr K.R.K. Reddy, CEO.

He was speaking to newspersons on Wednesday on the occasion of the company bagging the All-India Management Association's (AIMA) Dr J.S. Juneja Award for Creativity and Innovation for Small Enterprises.

Dr Reddy received the award from the President of India, Mr A.P.J. Abdul Kalam, at New Delhi on Tuesday. This is the fourth award in a row to the company on the subject, he said.

The company is engaged in the manufacture of plant growth promoting rhizobacteria and bio-pesticides.

More Stories on : New Projects | Bio-tech & Genetics | Andhra Pradesh

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