Joint venture between Sumitomo Corp and Mahindra & Mahindra.

Mahindra Agri Solutions, a subsidiary of Indian vehicle maker Mahindra & Mahindra, formed a crop care joint venture company with Sumitomo Corporation, one of the largest worldwide Sogo shosha general trading companies, and is a diversified corporation. Financial terms were not disclosed. Speaking at the signing of the JV, Ashok Sharma, MD & CEO, Mahindra Agri Solutions Ltd., said, “We are delighted to join hands with Sumitomo Corporation, a leading global player, to offer the latest world class technology which would help to significantly reduce crop damage. This association will be a win-win for both the companies as it will bring Mahindra’s presence across the Agri value-chain and Sumitomo’s global expertise, on the same platform. I am hopeful that by providing world class crop care solutions, we will further the cause of augmenting farmer prosperity, thereby enabling them to Rise.”