Which organisation is entering into a joint venture with Spain's Congelados De Navarra to set up a food processing plant at Ludhiana in Punjab with an investment of ₹ 325 crore?
IFFCO
Congelados de Navarra is a leading Spanish frozen vegetables company, and it entered into a joint venture with the Indian Farmers Fertiliser Cooperative, better known as IFFCO, to establish a large food processing plant.
The plant is being set up at Ludhiana in Punjab with an investment of about ₹ 325 crore to process locally grown vegetables into frozen products for domestic and export markets.
SBI is a banking institution, NALCO is an aluminium company and NABARD is a rural development bank, none of which fits this food processing joint venture.
Hence, IFFCO.
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