KUALA LUMPUR, May 8 — FGV Holdings Bhd (FGV), via its indirect wholly-owned unit FGV Trading Sdn Bhd (FGVT), is forming a joint-venture (JV) company with Hyderabad-based Pre-Unique India Pvt Ltd (PreU) to directly participate in the food and agri-based products market in India, particularly in...
Friday, 08 May 2020 07:59 PM MYT
KUALA LUMPUR, May 8 — FGV Holdings Bhd , via its indirect wholly-owned unit FGV Trading Sdn Bhd , is forming a joint-venture company with Hyderabad-based Pre-Unique India Pvt Ltd to directly participate in the food and agri-based products market in India, particularly in South India region. FGVT will hold a 70 per cent stake in the JV company, which is expected to be set up within six months.
FGV group chief executive officer Datuk Haris Fadzilah Hassan said as the growth prospects of India’s market is huge given its population of more than 1.3 billion, the JV fits well into FGV’s long-term strategy to become one of the world’s leading integrated and sustainable agribusiness players.
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