Oman India Joint Investment Fund has invested $15.3 million in GSP Crop Science, a Gujarat-based agro-chemical company, to enhance its market presence and drive growth in India's expanding agrochemical sector.

Target Information

GSP Crop Science, established in 1972, is a prominent manufacturer and distributor of both bulk and branded agrochemicals in India. The company's extensive product range includes technical-grade ingredients, formulations of insecticides, fungicides, herbicides, intermediates, bio-pesticides, and seed-treatment chemicals. With a portfolio of over 70 branded products and more than 300 SKUs, GSP has positioned itself as a leader in the agrochemical market. The company operates through a widespread distribution network, comprising 5,000 distributors, more than 30,000 dealers, and 34 depots, reaching customers both domestically and across 25 international markets.

Industry Overview

The agro-business sector in India has become increasingly attractive to foreign investors, owing to its vast potential and the government's supportive policies aimed at enhancing farm productivity. Recent investments in the sector highlight this trend; for instance, in September, Hatsun Agro Product Ltd, India's largest private dairy farm, secured $4.8 million from high-net-worth individuals after private equity firm WestBridge Capital acquired a stake. Additionally, Japanese firm Nihon Nohyaku has announced its plans to acquire a 74 percent stake in Hyderabad Chemicals Ltd, indicating robust international interest in Indian agrochemical firms.

Furthermore, industry experts predict significant growth in the agrochemical sector, driven by rising awareness among farmers about the benefits of such products and the political impetus for inc