Addressing a press conference here on Friday, Biogenus India chief executive officer KS Reddy said the projects include an aqua media plant — a feed for shrimp farming — in Visakhapatnam and a technology development centre in Hyderabad.

While the company has earmarked an investment of $25 million in the aqua media project in Vizag, another $10 million will be invested in the techonology development centre, Mr Reddy added.

The company has also proposed to invest another $35 million in Karnataka in two different projects. While the aquaculture research centre would carry an investment of $24 million, another $11 million would be invested in enzymes & cultures plant, he said.

While all the projects are expected to be completed in the next two to three years’ time, the company has proposed to raise the necessary funds from US AID and US TDA apart from internal accruals, he said.

The technology development centre would take care of commercialisation and localisation of Biogenus technologies in India, helping enhanced production through engineering processes, continuous research on bacterial and viral mutants, developing enzyme technology using natural variants and recombinant bacteria, biofuel technologies using microbes, development of customised micro-prep for various remediation solutions, he said.

The company has also entered into a memorandum of understanding (MoU) with Centre for Scientific and Industrial Research (CSIR) to exchange their ideas, technologies and expertise on Monday. Senior officials of the company would be meeting AP chief minister N Chandrababu Naidu in the next few days to explain the company’s technologies and expertise in these areas, Mr Reddy said.