Trimex among strategic partners to serve the consumers

India and Malaysia signed 31 MoUs and agreements on 3 April 2017 during Prime Minister Najib Razak’s visit to India.

Felda Global Ventures Holdings Bhd (FGV) aims supply and distribute various palm oil products to India’s midstream and downstream market.

A market study will be carried out under a memorandum of Understanding signed with India’s Trimex Industries Pte Ltd in New Delhi on 3 April 2017.

FGV’s Group President and Chief Executive Officer, Zakaria Arshad said, “India is our biggest crude palm oil (CPO) and refined, bleached & deodorised (RBD) export market with a total of 600,000 MT annually.

“In-line with our market expansion strategy, we are looking at diversifying our product offerings to small & medium (SME) business and consumer markets.

“With this MoU we hope to explore the possibility of supplying and distributing FGV’s palm oil to India in partnership with strategic industry players such as the Trimex Group,” he said.

Trimex is a subsidiary of India’s Trimex Group, one of the region’s largest mineral and metal conglomerates. The MoU was one of the 31 signed in New Delhi on 3 April 2017 during Prime Minister Najib Razak’s visit to India. fii-news.com