Advanta India

Advanta India inks pact with Arcadia Biosciences

Advanta India Ltd has entered into an agreement with Arcadia Biosciences based in California on Thursday, to develop Nitrogen-use efficient (NUE) Sorghum.

Arcadia Biosciences, Inc. an agricultural technology company focused on developing technologies and products that benefit the environment and human health.

Under terms of the agreement, Advanta will receive exclusive global rights to the use of Arcadia's NUE technology in sorghum.

In return Arcadia will receive an upfront payment, milestone payment and a share of commercial sales.

Advanta India acquires US-based Garrison & Townsend for $ 10.5 million

India’s multinational seed company, Advanta India through its subsidiaries has acquired 100% stake in Garrison & Townsend, for USD 10.5 million.

US-based, Garrison is a hybrid grain and forage sorghum research, production, conditioning marketing and selling company. Its products are marketed throughout the US and also in Italy, Israel, Pakistan, Mexico, Central America, South America and Japan. In fiscal year 2007, the company achieved sales of USD 11 million.