Mavens Biotech Ltd - a plant biotechnology Company, currently operating a tissue culture plant in Karjat and Bio informatics centre in New Delhi, has drawn up an expansion plan.
The Company has drawn a phase wise plan to increase its tissue culture capacity in India to 50 million plants. Acquisitions of tissue culture units will be made in potato, bamboo and floriculture categories to add to the company's product portfolio. Also new facilities will be set up for horticultural plants.
The Company has identified biomass based power generation as a new expansion area for the company. The company is currently in discussion with an Indian Biomass based power generation company for a possible Alliance cum Joint Venture in existing and new power projects. The company wants to set up three power plants with a capacity of 30 MW with the Joint Venture Company.
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