Indian Farmers Fertilizer Cooperative (IFFCO), the largest producer and marketer of fertilizers in India, has teamed up with Mitsubishi Corp. in a joint venture to produce agrochemicals in India.
The move represents IFFCO’s entry into the agchems business. IFFCO has a strong presence in the fertilizer market in India and Mitsubishi Corp., has expertise in the agrochemical business. The new company, IFFCO-MC Corp Science Private, will be owned 51% by IFFCO with the remaining part held by Mitsubishi. IFFCO says the new JV is part of the company’s plan.