Pesticide makers seek Indian JVs
Pesticide makers seek Indian JVs
Many local companies, especially members of the Viet Nam Pesticide Association, want to establish joint ventures with Indian firms to produce high-quality technical pesticides for the Vietnamese market, according to the association chairman.
Tran Quang Hung, speaking at a seminar in HCM City on Monday, said there are pesticides manufacturers in Viet Nam but they cannot produce advanced technical products, something India can do at reasonable prices.
The industry wants to build eco-industrial zones specialising in pesticide manufacture, but lacks the experience and funds for it, he said.
"So we want to seek co-operation with India."
The co-operation should not stop at trading and must be extended to other areas like investment and technology because currently it is "unworthy of the potential."
To establish the co-operation, a buyer-seller meeting between Vietnamese and Indian pesticide companies was held in HCM City yesterday (April 22).
The head of a visiting delegation representing 14 Indian companies and president of the Pesticides Manufacturers and Formulators Association of India, Pradip Dave, told Viet Nam News that the potential in the Vietnamese market "is great."
"Viet Nam and India are having the same crops. The climatic conditions are also similar and the products farmers are using are almost similar. So we have a good synergy between the Vietnamese and Indian markets.
"India produces a lot of technical-grade pesticides, a lot of good formulations, environmentally friendly formulations which are very good for crops. We see a lot of opportunities in both directions."
Joint ventures are definitely a good idea because in Viet Nam the use of pesticide formulations is increasing, he said.
Every formulator requires good technical raw material and India is strong in manufacturing technical materials, he added.
Viet Nam imports pesticides from many countries, especially China.
The imports have risen sharply, jumping from 13,000-14,000 tonnes costing around $10 million in 1990 to 103,500 tonnes and $700 million 2012.
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