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Article: Malaysia's MM Vitaoils plans JV; to invest USD 50 mn in India.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- June 10, 2008
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Malaysia's MM Vitaoils plans JV; to invest USD 50 mn in India
New Delhi, June 10 (PTI) Malaysian edible oil major MM Vitaoils is scouting for a local partner here to enter Rs 20,000 crore palm oil market in India, where it plans to invest USD 50 million and to acquire a refinery.
"We are planning to duplicate our successful downstream activities in palm oil industries in India. Rough estimation would involve USD 50 million," Vitaoils' General Manager Dina Talib told PTI in an email interview.
She said, the company is interested to buy edible oil refinery in India as well as joint venture with a local partner for its India plan.
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