MOSCOW, September 22 (RIA Novosti) - The head of Monsanto in India, Shilpa Divekar Nirula, has stated that the company aims to triple its business in India over the next five years, India's Business Today reported Monday.
"Like every company we have our cycles of what we can achieve and therefore plan. I think we could over the next five years look at growing the Indian Business at least three times the current size," Nirula was quoted by Business Today as saying. "That is only possible if we bring what is the most relevant to the Indian farmer. And we are completely focused on that".
According to Nirula, augmenting the volume of water across India for more seeds to be developed will be at the center of the company's business activities in the future.
"Water is a huge challenge in the country; agriculture is the biggest user of water, and many parts of India are already below the threshold of how much the water table has shrunk, for example," she added.
Nirula also stated that the company is "transforming into a solutions company", which means that it will additionally counsel farmers on a number of other issues.
Monsanto is an American corporation and is a leading producer of genetically engineered seeds and of the herbicide glyphosate.