Hyderabad: The Rs 500-crore Vibha Seeds Group ( Parchuri Vidyasagar Chairman and Managing director) has invested Rs 200 crore to set up a multi-crop seed processing facility at Janampet in Mahboobnagar district of Andhra Pradesh. The state-of-the-art centre, built on about 106 acres, is one of the biggest of its kind in the world. The company is engaged in private crop genetics and plant breeding researches. It undertakes crop improvement research programmes and reaches out to more than 20 million farmers across 19 states. According to Vidyasagar Parchuri, CMD, Axis Bank and L&T are providing 80% of the funding as debts and the rest is from internal accruals. He said that plant has the capacity to process 1,200 mt of field and vegetable crops per day. It is claimed to be the world’s largest plant that includes an industrial scale biotech laboratory, a corn-cob drying facility, a cotton processing plant, warehouse packaging and cold storage facilities. The facility can roll out 10...
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