In a first-of-its kind agreement to license distribution of its liquid nano technology outside of the US, Utah-based Nano-Yield on June 12 reported that it has signed a technology transfer agreement with India’s Shriram Farm Solutions, a unit of DCM Shriram Ltd.
Under the agreement, Shriram will hold a technology transfer, supply, and purchase agreement to use Nano-Yield’s nano liquid technology for its Indian customer base. The initial focus will be on rice and wheat, India’s major field crops, but Nano-Yield said it expects the product to also be used on table grapes, bananas, and other tropical fruits and vegetables.
“We are happy to collaborate with Shriram Farm Solutions as we will transfer our liquid nano-technology to them, which will further be used to enhance the efficiency of Shriram’s products. The products will be available for millions of Indian farmers and would further help improve their productivity,” said Clark Bell, Nano-Yield CEO and Co-Founder. “This is a landmark agreement for us to work with such a large manufacturing presence.”
Nano-Yield’s patented delivery system allows nutrient delivery via nanoliquid™ particles, which the company said enter the plant cell wall via endocytosis for a quicker and more efficient delivery method.
“Nano technology plays a critical role in agriculture,” said Sanjay Chhabra, Executive Director and Business Head at Shriram Farm Solutions. “Our collaboration gives us the opportunity to bring the critical nano-technology to a vast array of agri-inputs, eventually helping in broad-basing nano-tech products for Indian farmers.”
Chhabra said the products will go through extensive trials in India before they are officially launched. “Post-trial, we will jointly develop products for the Indian market,” he said. “Our goal is to work with Nano-Yield to come out with truly differentiated products which will address unique challenges of Indian growers, which in turn will improve farmer income.”