IPL Biologicals has signed an agreement with the Gujarat government to establish a facility with an investment of Rs 400 crore in the presence of Chief Minister Bhupendra Patel.

The company said,"The investment of Rs 400 crore underscores IPL's commitment to promoting eco-friendly farming practices and enhancing soil and environmental health."

"The major focus of the first phase of production will be on...agriculture products, followed by probiotics and enzyme products. The project shall be on reducing chemical usage in the agribusiness sector and providing safe food production to the world," it said.

The development and operational commencement of IPL Biological's agro-biological production facility is scheduled for mid-2025, creating over 500 direct and indirect jobs, the company added.

The company believes the MoU with the state government aligns with the national goal of adopting organic and sustainable practices by 2030, the statement said.