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The Synthite Group, a leader in oleoresin manufacturing, has expanded its contract farming activity in Andhra Pradesh for chilli. The company has drawn up an ambitious expansion plan for chilli growing and procurement from that state.
The expansion plan is part of the group’s overall target to be a ₹3,000-crore company by 2020. The turnover of Synthite currently is ₹1,400 crore, Synthite Managing Director George Paul said.
The Kochi-based group which has interests in multiple sectors including oleoresins, exports, hotel and realty, is presently helping chilli farmers in Andhra Pradesh undertake cultivation with the minimum amount of pesticides.
This was a win-win situation for farmers and the company because Synthite would get pesticide-free chilli and the farmers were assured of buyback of their crop at a price higher than the market price.
Most of the chilli farmers for Synthite in AP are in Ongole in Prakasam district and they grow mostly the Tejaswini variety of chilli known for its high pungency. Synthite extracts the natural colour and the pungency of the Tejaswini chilli for supply to a range of food applications.
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