Mumbai: Bangalore-based transnational health science company, Sami Labs is expanding its presence in Maharashtra , with Pune as its headquarters, for herbal cultivation. For the past seven years, Sami Labs has encouraged farmers of Tamil Nadu to undertake herbal cultivation.
“In the last financial year, Sami Labs invested close to Rs 10 crores in Salem and adjoining districts of Tamil Nadu. For the current financial year, Sami Labs is expanding the cultivation to 30,000 acres of land and covering regions in Tamil Nadu, Karnataka, Andhra Pradesh, Punjab, Maharashtra and Chattisgarh, the investment for cultivation will be to the tune of Rs 50 – 60 crores,” said Dr Muhammed Majeed, Chairman & Managing Director, Sami Labs.
Sami Labs is primarily involved in cultivating Coleus Forskohlii, a wild plant with medicinal qualities. Sami and its associate in the US, Sabinsa Corporation discovered that Coleus Forskohlii (Ban Tulsi in Hindi) when eaten breaks down the fat in the body without affecting other tissues. Thus it could be used as a good weight management product.
In 1998, Sami Labs was granted a US patent for this discovery. In the international market Forslean®, Sami's brand for Coleus Forskohlii extract, is an extremely popular supplement for weight management. In 1997, Sami started to cultivate Coleus in Salem , which showed huge potential. “We have evolved a Sami model of cultivation which is unique to Sami Labs alone.”
“This model is an example of the successful participation and association of farmers, our research laboratories and finally the international market. We have entered into a buy-back agreement with the farmers as a result of which the farmers are assured of a good and steady price for their harvest.”