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Russell Credit Limited, ITC’s wholly owned
subsidiary, acquired the entire shareholding
in Technico Pty Limited, Australia (‘Technico’)
effective August 17, 2007. Technico is an
agri-biotechnology company specialising in
rapid seed potato production. Technico has
developed the proprietary TECHNITUBER®
technology which enables the rapid
multiplication of seed potatoes from
pathogen-tested plants in a controlled
environment. This ‘enabling technology’,
which can be applied to all potato
varieties, significantly reduces the number
of years it takes to produce commercial
quantities of quality seed potatoes and also
shortens the time required for introduction
of new varieties.
Technico has structured its business
operations in India, China, Canada and USA
through subsidiaries. |
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