Indian farmers’ cooperative IFFCO on Monday tied up with South Korean firms specialising in agri equipment and agri finance to explore business opportunities in India.
IFFCO has entered into a strategic partnership with LS Mtron Ltd, a South Korean agriculture equipment manufacturer, and NH Capital co. Ltd., South Korea’s leading financial services provider, whose leaders were part of the business delegation accompanying visiting South Korean President Moon Jae-in, IFFCO said in a statement.
According to MD US Aswasthi, IFFCO together the Korean firms, would explore business opportunities involving supply, sales and distribution of agricultural machinery and finance to fulfil the market demand in India.