Ruchi Soya Industries has formed a JV with DJ Hendrick International (DJHII) and KMDI International for developing and commercialising specialty soybean seeds in India.
In the new JV, Ruchi Soya will hold 55 per cent stake; DJHII will hold 35 per cent stake; and the remaining 10 per cent will be held by KMDI International.
The JV intends to widen best crop management practices for soybean varieties tailored for different agro climatic zones of the country, and adapt varieties to increase yield and also increase the supply of specially designed functional, nutritious and affordable soy food products.
DJHII, the Canadian firm, is a soybean research corporation, while KMDI International, the Japanese company, is a trader and marketer of food grade soybeans.