Water&Soil Ltd (Hungary) and Valoric Venture Ltd (India) has signed a distribution agreement today at the Ambassador's residence. The Indian partner was represented by Mr. Vinay Verma, the Hungarian company was represented by Dr. Richard Vattay, who due to travel restrictions related to the pandemic, joined the event via video conference. The event was attended by András László Király Ambassador, Dr. Hilda Farkas S&T counsellor and economic and trade counsellors Daniel Kovacs and Gabor Szűcs.
At the event, the director of Water&Soil thanked the embassy for their support, then Mr. Verma introduced the product, the possiblitities of use and their experiences in India so far. The Ambassador praised the efforts of the Hungarian company and its Indian partner and assured them of the continued full support of the Embassy.
Water&Soil Ltd. is a Hungarian agricultural input material producer addressing one of the greatest limitations to global agriculture: water scarcity. Their product is the Water Retainer, which is an organic based liquid soil conditioner, it retains the already existing humidity in the soil by reducing the evaporation loss. Effective both in rain-fed and irrigated cultivation. It can provide 10-20 % higher yield or reduce up to 30 – 50 % of the irrigation water use.
The Water Retainer is actively traded in Hungary, Morocco, Kenya, Pakistan and now in India. It is widely tested by scientific institutions on 4 continents in 14 countries. FAO has recognized the Water Retainer recently by incorporating the product into the recommended technologies.
Valoric Ventures (Pvt.) Ltd. is the distributor of the Water Retainer in India dedicated to sustainable agriculture. Currently demonstrations of the Water Retainer are being organised on many different crops in many places in India such as tea, tobacco, tomato, pepper, leaf vegies, rice, sugar cane, etc. in order to introduce the product to the market.
