Fyffes reveals Indian joint venture

FYFFES has formed a joint venture with a leading Indian fruit distributor.

The new company, Suri Agro Fresh, will be managed by Sudhir Suri and Hitin Suri and based in Delhi.

The company will have net assets of €300,000 and turnover of about €6 million. “This is Fyffes first direct investment in that country,” Fyffes chairman Carl McCann said.