Mahindra Agri Solutions Ltd (MASL), a subsidiary of Mahindra & Mahindra, entered a joint venture (JV) agreement with Sumitomo Corporation Group, Japan, a global player in multiple industries, including crop care, having access to the latest crop protection technologies. The JV will have Mahindra and Sumitomo Corporation holding 60 per cent and 40 per cent equity, respectively, in the new company, named Mahindra Summit Agriscience Limited, subject to the parties receiving all applicable approvals. The partnership will offer a pipeline of specialty, new-generation products with unique and latest molecules to effectively manage pest- and insect-related challenges faced by farmers.
Mahindra Agri Solutions forms crop care JV with Sumitomo Corporation
Date posted: Tuesday 16 October 2018