(TOT.L) Total Produce PLC Buy/Sell

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Author	KEEPING CALM MIKE View Profile \| Add to favourites \| Ignore
Date posted	2008-01-17 23:44
Subject	JOINT VENTURE IN INDIA
Votes for this Posting	Voted 2 times. Not voted down.
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MUMBAI (Thomson Financial) - India's Tata Chemicals Ltd is planning a major foray into the wholesale business of fruits and vegetables in the country through its 50:50 joint venture with Irelands Total Produce PLC called Khetse Agriproduce India, local business daily The Economic Times reported. The newspaper quoted Homi Khusrokhan, managing director of Tata Chemicals, saying Khetse will invest almost 7.5 bln rupees to set up 50 cash-and-carry distribution centres by 2012. Khusrokhan also said the venture would not enter into the retail business and may consider exporting the surplus fruits and vegetables produced in the country. The paper said the first distribution centre will be opened at Ludhiana in the northern Indian state of Punjab in April 2008. TATA ar MASSIVE, OWN CORUS STEEL, TAKING OVER JAG and Landrover.A multintional conglomerate,This is good news for TOT in an expanding market.Long term investment but Indias the place to be . Good old Mc Canns IRELAND and INDIA like it. K.C.M.
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