NEW DELHI, Dec 9: Hyderabad-based pheromone and semiochemical-based crop protection firm ATGC Biotech and Israel-based Luxembourg Industries have set up a joint venture, Semiophore Ltd, with a cumulative investment of USD 10 million. The 50:50 Indo-Israeli joint venture is fully financed by its partners, with cumulative investments of USD 10 million from Semiophore, Luxembourg Industries, and ATGC Biotech, towards infrastructure in India and Israel and regulatory registrations for 18 Indian-developed semiochemical and pheromone technologies across Israel, Brazil, Australia, and Africa. Under the JV agreement, ATGC will contribute IP, technology, know-how, regulatory dossiers, capex and Research and Development leadership, while Luxembourg will invest in capex, regulatory, marketing

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