Gujarat Cooperative Milk Marketing Federation (Amul India) and the National Dairy Development Board are to acquire a stake in the Kochi-based company Vanilla India Producer Company Limited (Vanilco).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
As part of the deal, the companies have agreed a supply contract with Vanilco for vanilla beans worth US$15.5m.
“The biggest order in Vanilco’s history, will result in the off-take of the entire stock of cured vanilla beans with the producer company,” said Vanilco managing director Paul Jose.
The deal followed discussions involving Union Agriculture Minister Sharad Pawar in New Delhi.
As a result, Amul India will completely phase out the use of synthetic vanillin, used for flavouring their ice-creams, within one year.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataVanilco is supplied by around 2,500 farmers in the Kochi area.
