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Mumbai: Godrej
Agrovet Limited (GAVL) has tied-up with Uni-President Enterprises Corporation,
a Taiwan-based company, to further strengthen the business of shrimp feed
in India. A mutual understanding has been reached C K Vaidya, aanaging director
of GAVL and Chih Peng Hsieh, president of Provision Group, Uni-President
Enterprises Corporation, part of UPEC Group, a $7-billion food major from
Taiwan. The group has operations throughout the Asia-Pacific region. The
major businesses of UPEC Group include food and beverages, food retailing
and provisions, apart from the aquatic business. Announcing
the tie-up, Vaidya said, "We are happy to enter into this alliance
with UPEC group, Taiwan, especially since it is a highly reputed group with
diverse businesses. This tie-up will benefit both the companies as it will
help consolidate our position in the shrimp feed business in India, while
providing an opportunity for UPEC group to source raw materials from India
for its Asia-Pacific region." A
R Subbarao, vice president, GAVL added, "GAVL has always been a leading
player in the animal feed sector in India. We have a strong presence in
the shrimp feed business through our manufacturing units in Chennai and
Vijaywada. This tie-up will enable us to further enhance GAVL''s shrimp feed
business in the country." Godrej
Agrovet Ltd., is a part of the Rs45 billion Godrej Group, and
is a major player in the Indian agricultural sector with a large presence
in cattle, poultry and aqua feeds, innovative agricultural inputs, oil palm
plantation and plant biotech.
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