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The medicinal mushroom industry is expected to grow exponentially as more and more of the 5.1 million mushroom species are researched
Bengaluru-based Sona Group has forged a 50:50 joint venture (JV) with Australia’s Mycelium Biotechnology Group to set up a state-of-the art Mycelium research and production facility in Salem.
As a global mushroom biotechnology group, Mycelium Biotechnology is engaged in mushroom growing, global distribution and offering biotechnology and nutraceuticals solutions through global partners.
The JV named as Mycelium Sona Biotech (MSB) has set up a research facility at Salem to focus on Nanotech Research, IP development, Extract Manufacturing, Milling, Bottling and eCommerce.
Billed as one of the largest mushrooms laboratories in India at Salem with best Global Manufacturing Practices, MSB laboratory will research and grow high end mushrooms, extract Mushroom and Mycelium compounds, produce nutraceuticals that conform to FSSAI and FDA certification.
“The launch of the first MSB facility in Salem comes at the most opportune time soon after signing of the Free Trade Agreement between Australia and India” says William Scott, Chairman of Mycelium Biotechnology group.