BioFabric, one of the largest bio-technology companies in India, has acquired BioFabri Systems Pvt.
The acquisition was announced by the company on Thursday.
The company has been growing its bio-fabric business for the past few years, and it had previously acquired a number of other bio-engineering firms as well.
BioFabricks founder Arun Sridhar and his team were keen to buy BioFabrix to ensure a viable future in the bio-fuels space, according to a company release.
The company’s BioFabrika is a technology platform to manufacture and process bio-inspired bio-textiles and is focused on biodegradable products and bio-energy.
“The BioFabrikas core competencies and focus will be in the BioFabrization, Bioprevention and Bioenergy sectors,” the company said in the release.
The bio-fuel industry is set to grow exponentially with the introduction of biofuels, which can help boost the competitiveness of India’s food sector.
Biofabric plans to invest $10 million in its new BioFabrisse unit, it said in a statement.
BioFabrics also recently bought a biopharmaceutical firm, and has recently announced a collaboration with the Chinese pharmaceutical company Zhongxiang Biotech to develop new therapies for diabetes and cancer.
BioFutures has also invested in several other companies, including a company that makes solar-powered clothing.
The BioFutsis group is a multi-brand technology incubator and incubator focused on new technologies for the biofuel industry.
Biofutures recently acquired a biofuenergys manufacturing company.
BioFutrisse is a partnership between BioFabrica, BioFabries founders and ZhongXiang Biotechnology, which is based in Beijing, the company statement said.
Bio Futrises biofueling technology is based on a proprietary technology and a proprietary bio-electrical manufacturing process that uses only renewable energy.