Less than a year after signing the Distribution Agreement, Water & Soil Ltd (Hungary) and its Indian partner, Valoric Ventures Ltd., have set new and even more inspiring goals to expand their cooperation and begin preparations for the production of Water Retainer in India.
The extension of the agreement was signed again at the Ambassador's Residence, at which the Indian partner was represented by Mr. Vinay Verma, the Hungarian company was represented by Dr. Richard Vattay, who joined the event via video conference. The event was attended by András László Király Ambassador, Dr. Hilda Farkas S&T counsellor and Gábor Szűcs economic and trade counsellor.
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.
