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Mahindra Agri Solutions forms JV with Sumitomo Corporation Group, Japan

Capital Market 

JV in the crop care segment to provide a pipeline of new and applications

Agri Solutions, a subsidiary of & Mahindra, has entered into a joint venture agreement with Group, Japan, a in multiple industries including crop care, having access to the latest The joint venture will have and holding 60% and 40% equity respectively in the new company named Mahindra Summit Agriscience, subject to the parties receiving all applicable approvals. The combined strength of both the shareholders will leapfrog MASL's crop care business into the next orbit of growth.

The partnership will offer a pipeline of specialty, new with unique and latest molecules to effectively manage pest and insect related challenges faced by farmers.

The joint venture will benefit from the expertise of both the companies - Mahindra's strong rural presence and Sumitomo's unique know-how and Japanese technology. Mahindra will contribute through its connect, wide spread domestic distribution and agriculture expertise, while has strong ties with large Japanese crop protection innovator companies which will result in the JV having access to latest global technology for minimising crop damage and increasing the yield.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 12 2018. 13:04 IST
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