Insecticides India to invest Rs 150 cr in next 2 yrs on capacity expansion

Insecticides India Ltd (IIL) Managing Director Rajesh Aggarwal on Sunday said the company will invest Rs 150 crore in the next two years on capacity expansion in Rajasthan and Gujarat, and also launch new herbicide and insecticide products before 'Navratri'. Speaking to PTI, Aggarwal said the company will invest about Rs 100 crore for setting up of a new plant at Sotanala in Behror district of Rajasthan, in the next two years. "Last week, we acquired 15-acre plant at Sotanala in Behror district. Lot of sheds are already there and we plan to manufacture agro-chemicals. We will invest about Rs 100 crore investment here in the next two years," he said. The plant will be implemented in phases and the work might commence by year-end, he said adding this is a second plant in Rajasthan and the other one is located at Chopanki which is up and functioning. Aggarwal further said the company will invest Rs 25 crore in the next fiscal for expansion of its SEZ plant located in Dahej, Gujarat an

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