Mahindra & Mahindra Ltd.

The Agri division of Mahindra & Mahindra, part of the $16.7 billion Mahinclra Group, has signed a joint venture agreement with HZPC, Holland, one of the leading innovative companies in the world in potato breeding, seed potato growing and seed potato trading to offer the best quality seed potatoes to farmers within and outside India.

The joint venture will have Mahindra and HZPC holding 60 and 40 percent equity respectively in the company, subject to the parties receiving all applicable approvals.

The joint venture will benefit from the expertise of both companies where HZPC with their strong R&D focus will bring in access to the latest technology, new varieties and open up global markets for the Indian farmers.

Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.