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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