IFTGB Signs License Agreement with H U Gugle Biotech
29th Oct, 2022

H U Gugle Biotech Private Limited (HUG Biotech) is very happy to announce that we have entered into a license agreement with Institute of Forest Genetics and Tree Breeding (IFGTB) Coimbatore for large scale production and supply of elite varieties of Teak Clones. IFGTB is a National Institute formed in April, 1988 under the Indian Council of Forestry Research and Education (ICFRE), located in Coimbatore,TamilNadu, for large scale production of selected teak geno types sourced from Kerala and TamilNadu.

As part of this licence agreement HUG Biotech,will commercially propagate these elite Teak clones These clones of Tectona grandis (teak)are pre-tested and have been identified selected IFGTB (IFTGBT G1, TG5,and TG11)which will be made available to the farmers

The Licence Agreement was signed between Dr.Kunhikannan(Director IFGTB),Mr.Shailesh Kathariya (MD & CEO), Rushi Gugle(COO),of HUG Biotech,in the presence of Shri Rawat, DirectorGeneral, ICFRE on 30th September 2022 for a period of 10 years to produce and sale of Teak clones all over the country.

Our vision is to achieve long-term ecological stability,Sustainable Development And economic security through conservation and scientific management of the Forest ecosystem.

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