SEEDS INDUSTRY

F Seeds Sector: Update on Trends & Outlook

Vegetable seeds industry to double over the next five years, necessitated by higher
vegetable
Fver cultivation required to meet future demand

March 2018 ICRA RATING FEATURE

Contacts:

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+91 1 2 4 4 5 45 30 4
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+91 1 2 4 4 5 45 30 7
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ICRA LIMITED 1
 F Seeds Sector: Update on Trends & Outlook

Table of Contents

Executive Summary 3
A. Indian Seeds Industry 6
1. Indian Agriculture Industry – significant improvement in productivity required to meet country’s food demands 7
2. Growth in the Indian seed market 7
3. Hybrid seeds hold potential to meet India’s growing food demands 8
B. Growth of Hybrid Seeds – Key to increasing vegetable production 9
1. Healthy growth in production of vegetables in India 10
2. Composition of Indian Vegetables Basket 11
3. Substantial production, however, per capita consumption remains low; post production losses to blame 13
4. International trade forms a small part of overall vegetable industry in India 14
5. Steady Improvement in productivity of vegetables crops, however lags world average 14
6. Significant production boost required to meet future demand 17
7. Hybrid seeds to play a major role in increasing vegetable production 17
8. Constraints in widespread adoption of hybrid seeds in vegetable production 18
9. Way forward to boost adoption of hybrid seeds by farmers 19
10. Growth potential of the vegetable seed industry 19
11. Limited adoption of genetically modified seeds in the vegetable industry 19
C. Industry Peer Comparison 22
D. ICRA Rating on Indian Seed Players 24
E. Industry Outlook 26
F. Company Section 28
1. NATIONAL SEEDS CORPORATION LIMITED (NSCL) 29
2. KAVERI SEEDS COMPANY LIMITED (KSCL) 31
3. MONSANTO INDIA LIMITED (MIL) 33
Annexure 35
4. Annexure 1: Public Sector Seed Corporations 36

ICRA LIMITED 2
 F Seeds Sector: Update on Trends & Outlook

Please contact ICRA to get a copy of the full report

CORPORATE OFFICE CHENNAI HYDERABAD

Building No. 8, 2nd Floor, Mr. Jayanta Chatterjee Mr. M.S.K. Aditya
Tower A, DLF Cyber City, Phase II, Mobile: 9845022459 Mobile: 9963253777
Gurgaon - 122002 5th Floor, Karumuttu Centre, 301, CONCOURSE, 3rd Floor,
Ph: +91-124-4545300, 4545800 498 Anna Salai, Nandanam, No. 7-1-58, Ameerpet,
Fax: +91-124-4545350 Chennai – 600035 Hyderabad - 500 016
Tel: +91-44-45964300 Tel: +91-40-23735061, 23737251
REGISTERED OFFICE
24340043/9659/8080 Fax: +91-40-23735152
1105, Kailash Building, 11th Floor,
Fax: +91-44-24343663 E-mail: adityamsk@icraindia.com
26, Kasturba Gandhi Marg,
E-mail: jayantac@icraindia.com
New Delhi – 110 001
Tel: +91-11-23357940-50
Fax: +91-11-23357014
MUMBAI KOLKATA PUNE
Mr. L. Shivakumar Ms. Vinita Baid Mr. L. Shivakumar
Mobile: 9821086490 Mobile: 9007884229 Mobile: 9821086490
3rd Floor, Electric Mansion, A-10 & 11, 3rd Floor, FMC Fortuna, 5A, 5th Floor, Symphony,
Appasaheb Marathe Marg, Prabhadevi, 234/ 3A, A.J.C. Bose Road, S. No. 210, CTS 3202,
Mumbai - 400 025 Kolkata - 700020 Range Hills Road, Shivajinagar,
Ph : +91-22-30470000, Tel: +91-33-22876617/ 8839, Pune - 411 020
24331046/53/62/74/86/87 22800008, 22831411 Tel : +91- 20- 25561194,
Fax : +91-22-2433 1390 Fax: +91-33-2287 0728 25560195/196,
E-mail: shivakumar@icraindia.com E-mail: vinita.baid@icraindia.com Fax : +91- 20- 2553 9231
E-mail:
shivakumar@icraindia.com
GURGAON AHMEDABAD BANGALORE
Mr. Vivek Mathur Mr. Animesh Bhabhalia Mr. Jayanta Chatterjee
Mobile: 9871221122 Mobile: 9824029432 Mobile: 9845022459
Building No. 8, 2nd Floor, 907 & 908 Sakar -II, Ellisbridge, 'The Millenia', Tower B,
Tower A, DLF Cyber City, Phase II, Ahmedabad - 380006 Unit No. 1004, 10th Floor,
Gurgaon - 122002 Tel: +91-79-26585049/2008/5494, Level 2, 12-14, 1 & 2, Murphy Road,
Ph: +91-124-4545300, 4545800 Fax:+91-79- 2648 4924 Bangalore - 560 008
Fax; +91-124-4545350 E-mail: animesh@icraindia.com Tel: +91-80-43326400,
E-mail: vivek@icraindia.com Fax: +91-80-43326409
E-mail: jayantac@icraindia.com

ICRA LIMITED 3
 F Seeds Sector: Update on Trends & Outlook

CORPORATE OFFICE
Building No. 8, 2nd Floor, Tower A; DLF Cyber City, Phase II; Gurgaon 122 002
Tel: +91 124 4545300; Fax: +91 124 4545350
Email: info@icraindia.com, Website: www.icra.in

REGISTERED OFFICE
1105, Kailash Building, 11th
Floor; 26 Kasturba Gandhi Marg; New Delhi 110001
Tel: +91 11 23357940-50; Fax: +91 11 23357014

Branches: Mumbai: Tel.: + (91 22) 24331046/53/62/74/86/87, Fax: + (91 22) 2433 1390 Chennai: Tel + (91 44) 2434 0043/9659/8080, 2433 0724/ 3293/3294, Fax + (91
44) 2434 3663 Kolkata: Tel + (91 33) 2287 8839 /2287 6617/ 2283 1411/ 2280 0008, Fax + (91 33) 2287 0728 Bangalore: Tel + (91 80) 2559 7401/4049 Fax + (91 80) 559
4065 Ahmedabad: Tel + (91 79) 2658 4924/5049/2008, Fax + (91 79) 2658 4924 Hyderabad: Tel +(91 40) 2373 5061/7251, Fax + (91 40) 2373 5152 Pune: Tel + (91 20)
2552 0194/95/96, Fax + (91 20) 553 9231

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