Japanese food giant Ajinomoto eyes M&As in India

Japanese food giant, Ajinomoto Co, may consider mergers and acquisitions (M&As) in India and other overseas markets as part of its efforts to augment operations, a top company official has said.

Ajinomoto has already established proprietary marketing infrastructure in India and other countries, but will possibly resort to M&As for “faster reinforcement of operations”, Masatoshi Ito, president of the company announced.

He also said Ajinomoto, which produces food seasonings, cooking oils, foods and pharmaceuticals, also plans to expand operations in countries like as Pakistan, Sri Lanka, West Asia and North Africa, Kyodo news agency reported.