Global agrochemical major Syngenta has received the Competition Commission of India's (CCI) approval to sell its agrochemical manufacturing facility located at Corlim in Goa to Visakhapatnam-based Deccan Fine Chemicals on a slump sale basis.
Deccan Fine Chemicals is engaged in manufacturing of chemical-based active ingredients and intermediates for agricultural chemicals, veterinary medicines and specialty chemicals.
The Indian unit of Switzerland-headquartered Syngenta AG, Syngenta India (SIL), is in business of agrochemicals and seeds processing. Under agrochemical business it manufactures and formulates crop protection chemicals, which are categorised as insecticides, fungicides, herbicides and plant growth regulators.