Hollister, California and
Bangalore, India
April 11, 2005
 |
Dr.
Remo Ludergnani (left) and Mr. Pawan Bhotika (right)
sign the licencing agreement in California in late
January. |
Dr. Remo Ludergnani, President and
CEO of United Genetics
Seeds Co. (UniGen USA) is pleased to announce that the
company United Genetics India Pvt. Ltd. (UniGen India) started
operations on April 1st, 2005.
UniGen India is an independent
company licensed by UniGen USA to handle all its interests in
India and the neighboring countries.
The investment has been
coordinated in cooperation with the partners of a small,
independent company already operational in the Indian market,
formerly named Cosmic Seeds Co. Pvt. Ltd., which has been
renamed United Genetics India Pvt. Ltd. and has increased its
net capital to a sizeable amount through a contribution by
UniGen USA, the majority shareholder.
The minority partners, Messrs.
Earanna, Patil and Srinivasa, have important reponsibilities in
the new company. The management of UniGen India is in the hands
of Mr. Pawan Bhotika, an internationally known seed marketer who
is also a minority partner. Dr. Remo Ludergnani is chairman of
the board.
Beside production and marketing,
UniGen India will conduct a substantial research program with
local breeders and technicians under the direction of Dr. Satish
Gupta, a United Genetics scientist presently working as eggplant
breeder at our Bakersfield research station. The research
programs will focus on virus resistance in solanaceae and
cucurbitaceae, breeding of local varieties, and papaya breeding. |