The nationwide lockdown due to COVID-19 has improved sales performance of HIL (India) Limited for all its units by ensuring supply of essential chemicals such as DDT in health segment, seeds and pesticides in agriculture segments in the various parts of the country.

 

The company has sold 37.99 MTs of agro-chemical, despatched 97 MTs of DDT, executed an export order of 10 MTs of Mancozeb, 80% WP to Peru. HIL has also drafted an agreement which has been shared with the ministry of agriculture for supply of Malathion Technical for Locust Control Programme. 

 

For smooth running of its PSUs, the department of chemicals and petrochemicals has taken initiatives to overcome the hurdles posed by COVID-19 pandemic and has suggested them to strengthen their performance by exploring joint ventures with global enterprises looking for investments. The department has taken this initiative on the directions of Union Minister of Chemicals and Fertilisers DV Sadananda Gowda who has advised that Indian PSUs under his ministry should try to convert adversity into an opportunity by attracting investments from abroad. 

 

Following on the advice of the minister, HIL is looking for expanding its business area and has sent proposals to Indian embassies/missions in China, Japan and South Korea for inviting interested agro-chemical manufacturers in respective countries for investment in India for business tie-up with HIL including contract manufacturing or plan-on-lease arrangement.