Mahindra Agri sets up JV with Sumitomo

Posted on:13 Oct 2018 13:55:47
Mahindra Agri sets up JV with Sumitomo
13 October 2018 Current Affairs:

Mahindra Agri Solutions Ltd. (MASL), a subsidiary of Mahindra & Mahindra, has entered into a joint venture (JV) with Japan’s Sumitomo Corporation Group. The JV is to make pesticides in India to boost farm produce in the country.
Sumitomo is into crop care and has access to the latest crop protection technologies. Mahindra will hold 60% stake in the new company named Mahindra Summit Agriscience Limited and the balance will be with Sumitomo Corporation. MASL is projecting a crop protection business revenue of $100 million in 5-7 years.
Mahindra will contribute through its farmer connect, widespread distribution and agriculture expertise, while Sumitomo Corporation has strong ties with large Japanese crop protection innovator companies.

Mahindra Agri Solutions Ltd. (MASL), a subsidiary of Mahindra & Mahindra, has entered into a joint venture (JV) with Japan’s Sumitomo Corporation Group. The JV is to make pesticides in India to boost farm produce in the country.
Sumitomo is into crop care and has access to the latest crop protection technologies. Mahindra will hold 60% stake in the new company named Mahindra Summit Agriscience Limited and the balance will be with Sumitomo Corporation. MASL is projecting a crop protection business revenue of $100 million in 5-7 years.
Mahindra will contribute through its farmer connect, widespread distribution and agriculture expertise, while Sumitomo Corporation has strong ties with large Japanese crop protection innovator companies.


Daily Current Affairs Videos Video Link
17th April 2019 Current Affairs Video
16th April 2019 Current Affairs Video
15th April 2019 Current Affairs Video
13th April 2019 Current Affairs Video
12th April 2019 Current Affairs Video
Watch more Current Affairs Videos

Monthly Current Affairs

Fresherslive telegram Group

Current Affairs Section

Daily Current Affairs Quiz


Subscribe to Current Affairs

Enter your email to get daily current affairs


Current Affairs Weekly PDF

Current Affairs Monthly PDF

Current Affairs Quiz

Current Affairs Monthly PDF Hindi

Currentt Affairs 2019 April

18 APRIL
NEWS
17 APRIL
NEWS
16 APRIL
NEWS

Currentt Affairs 2019 March

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS

Currentt Affairs 2019 February

28 FEBRUARY
NEWS
27 FEBRUARY
NEWS
26 FEBRUARY
NEWS
25 FEBRUARY
NEWS




×

Only 2 days left !