IFFCO/Mitsubishi Corp to set up Indian jv
Indian company Indian Farmers Fertiliser Cooperative (IFFCO) and Japanese company Mitsubishi Corporation have agreed to form a joint venture called IFFCO-MC Crop Science for the sale and distribution of agrochemicals in India. IFFCO will hold a 51% stake in the company with Mitsubishi holding the rest. IFFCO is India’s largest producer and marketer of fertilisers. IFFCO-MC will seek to leverage the strength of the IFFCO brand and its extensive sales network to supply a number of agrochemicals, mainly herbicides, insecticides and fungicides, to the Indian market, starting in October of this year.