Arcadia, Mahyco in commercial license agreement

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Arcadia, Mahyco in commercial license agreement

New Delhi, April 14: Arcadia Biosciences, Inc., a US-based agricultural technology company, and Maharashtra Hybrid Seed Company Ltd. (Mahyco), the producer of first Bt cotton seeds in India on Monday announced that they have concluded a multi-crop, multi-technology research and commercial license agreement focused on India and other South Asian countries. Under the agreement, Mahyco will have access to Arcadia 's nitrogen use efficiency (NUE) and salt tolerance technologies in several key crops in the region.

The comprehensive agreement between Arcadia and Mahyco involves bringing Arcadia 's advanced agricultural technologies to a region that is experiencing rapid population growth and is challenged by options for increasing food production.

According to the reports of the World Bank and some UN agencies agriculture is the second-leading source of global greenhouse gas and nitrogen fertilizer represents a significant cause of these emissions. Arcadia 's NUE technology claims that it can significantly reduce nitrogen fertilizer requirements and salt-tolerance technology can reduce the need for fresh water resources for irrigation. The expected result is high-yielding crops with a lower impact on the environment.

"Globally, there are significant challenges associated with providing an adequate amount of food in ways that minimize negative impacts on the environment. India is one of the places where these challenges are evident and require serious action," said Eric Rey, president and CEO of Arcadia.