- October 13, 2018 / 2 min readThe joint venture will leverage the manufacturing and distribution capabilities of Sayaji Industries in the food and food ingredients space in the country.
Sayaji Industries Ltd has announced that its subsidiary Sayaji IngriTech LLP has entered into a Memorandum of Understanding (MOU) with France-based Alland & Robert, a manufacturer of gum arabic for a proposed joint venture.
The joint venture will leverage the manufacturing and distribution capabilities of Sayaji Industries in the food and food ingredients space in the country.
Allan & Robert will offer technological and gum processing expertise for providing its customers with a quality product, which is presently not being produced in India.
Anne-Sophie Alland, Head of strategy and development at Alland & Robert, said, "The Indian acacia gum market is complex, aiming at both the industry and final consumers. This joint venture is a great opportunity for Alland & Robert to dive into the Indian market with a local partner. Sayaji Industries Limited is also a family-owned company with the same values of hard work and business agility as Alland & Robert; thus they are a natural partner for us."
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