M&M unit in tie-up with Belgian fresh produce firm UNIVEG.

Giving a fresh impetus to its agri-business, Mahindra ShubhLabh Services, which is a subsidiary of Mahindra & Mahindra, has entered into a 60:40 joint venture with UNIVEG, a Belgium-based €3.2 billion fresh produce company, in which it will have a majority stake.

The joint venture company would be investing Rs. 30 crore in the first two years, with additional investments made by logistics and supply chain partners.


HBL