Crop IQ has incorporated a new subsidiary in India
Crop IQ has incorporated a new subsidiary in India to strengthen our chemical supply chain, bolster research and development initiatives, and provide an additional production site for Asian markets, thus enhancing our competitive position through cost leadership. India is a pivotal location for our subsidiary due to its large and expanding consumer base, fast-paced economic development, skilled labor pool, advantageous government policies for foreign investment, and the potential for significant market access.
CropIQ Technologies India pvt ltd will be will be responsible for our logistics operations in securing required materials and will play a key role in our commercial strategy for entering Asian markets. says David Walters our Global operation lead.
There exists significant potential for extensive research and development projects in collaboration with Indian industrial partners, and CropIQ India will enhance the pace of this collaborative effort. Says Says Dr.Tom Mostert Crop IQ Research and Development Leader.
Our CEO pointed out the critical importance of this new establishment in India for various reasons:Large market size.
- India's rapidly growing economy provides opportunities for companies.
- India has a large pool of skilled and educated professionals.
- The Indian government has implemented various policies to encourage foreign investment.
- Operating costs in India can be relatively lower compared to other developed markets.
- And India has a large digital population.