ANI PR Wire
12 Sep 2022, 23:30 GMT+10
New Delhi [India], September 12 (ANI/BusinessWire India): Recently, India's premier research institute IIT-Kanpur and Niche Agriculture & Pharmaceuticals Limited, a company engaged in Agricultural activities and formulation of advanced medicines, partnered for research on cultivation of the Indian Holy plant 'Cannabis' and its usage in Pharma and bioengineering. This cooperation between the two parties will focus on research and development and consultancy studies in the field of mutual interest.
The MoU was inked by Harisharan Devgan, Chairman, Niche Group of Companies, and Prof Abhay Karandikar, Director, IIT Kanpur in the presence of esteemed Senior Professors, Researchers, and other faculty members. The collaboration between Niche Agriculture & Pharmaceuticals Limited and the Indian Institute of Technology Kanpur is laying a foundation to restructure the indigenous cannabis plant and develop new varieties of hemp seeds/cultivars as per international policies & standards.
With time, India is facing a surge in chronic medical conditions like cancer, epilepsy, migraine, chronic pain, arthritis, and insomnia to name a few. The development of new Hemp based formulations will help doctors in the treatment of such severe medical conditions.
Commenting on the MoU, Niche Agriculture & Pharmaceuticals Limited Chairman, Harisharan Devgan quoted, "This cooperation with IIT-Kanpur will strengthen our goal to toil towards the exploration of Cannabis plant for the progression of healthcare sector. This collaboration will not only grant access to a whole new range of medicinal formulations, but it will also offer people affordable medical treatment for chronic health problems. We are focusing on improving cooperation in the field of Hemp Cultivation and Bioengineering and implement technics like tissue culture with IIT-Kanpur for research and development, and exchange academic materials and publications for the formulation of hemp-based and other medicines for chronic diseases."
Abhay Karandikar, Director of IIT-Kanpur said, "He is looking forward to this collaboration. He further added that it will lay down a foundation for better research and development in Biotech Industry. Cannabis has been widely accepted in Indian culture through the ages, yet we have limited knowledge about this holy plant. Cannabis is known for its medical benefits, still, it is facing massive criticism due to its intoxicating effects."
Cannabis in India is being used for more than 5000 years and has also been mentioned in Atharva Veda. Still, cannabis has faced a lot of backlash due to its mind-altering effects. However, the cannabis plant is also acknowledged for its magical properties. In various cultures and traditions, the use of cannabis is common and its medical properties are also well inscribed in Ayurveda. Yet as per government regulations, cultivation of cannabis having more than 0.03 per cent THC level is barred across the world.
Niche Agriculture & Pharmaceuticals Limited is inclined to research new medicinal formulations for helping the Indian healthcare sector to keep evolving. The MoU also focuses on the exchange of academic materials and publications and extends to formulate hemp-based and other medicines for chronic diseases.
This Story has been provided by BusinessWire India. ANI will not be responsible in any way for the content in this article. (ANI/BusinessWire India)
Get a daily dose of Kolkata Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.
More InformationATLANTA, Georgia: In a case highlighting the battle over corporate diversity policies in the U.S., an Atlanta-based federal appeals court ...
STRASBOURG, France: The President of the European Parliament, Roberta Metsola, has voiced the legislative body's support for appointing a United ...
MURCIA, Spain: Authorities said a nightclub fire over the weekend in the southeastern Spanish city of Murcia killed 13 people ...
SAN FRANCISCO, California: To resolve a pending litigation with the Oregon affiliate of the International Container Terminal Services Inc (ICTSI), ...
PANAMA CITY, Panama: On September 30, the Panama Canal said that due to a drought that has reduced the supply ...
TRIPOLI, Libya: Italy and Libya resumed commercial flights for the first time in ten years on September 30, with flight ...
KATHMANDU, Nepal - According to the Nepal Electricity Authority (NEA), India has finally allowed Nepal to sell electricity generated by ...
New Delhi [India], October 5 (ANI): Delhi Lieutenant Governor VK Saxena chaired the fifth court meeting of Indira Gandhi Delhi ...
Jammu (Jammu and Kashmir) [India], October 5 (ANI): Slamming the Bharatiya Janata Party after raids by Enforcement Directorate on Aam ...
New Delhi [India], October 5 (ANI): Janata Dal (United) leader KC Tyagi on Wednesday said that the BJP wants to ...
New Delhi [India], October 5 (ANI): Imran Masood, who was expelled from the Bahujan Samaj Party (BSP) in August, will ...
Kochi (Kerala) [India], October 5 (ANI): Nationalist Congress Party (NCP) Member of Parliament, Mohammad Faizal has been disqualified from the ...