India signs cooperation agreement with World Food Programme for 2023-27
Jubilant Life Sciences, an integrated global pharmaceutical and life sciences company, announced a strategic partnership with Barentz International, an international leader in the distribution of high-quality ingredients.
The two companies have signed a commercial agreement to work together within the food & nutrition market in India and its neighbouring countries. The collaboration aims at delivering solutions in food nutrition and fortification.
“There is an increased awareness for nutrient rich diets and we see a growing demand for ingredients and additives for food & nutrition. Barentz has a diverse range of products within this portfolio and a rich history of over six decades. The strategic partnership between the two brands represents our common belief in offering high quality products to our customers. We are positive about leveraging our existing customer relationships and established infrastructure to benefit from this partnership to its full potential,” said Pramod Yadav, Co-CEO of Life Science Ingredients business of Jubilant Life Sciences, an integrated global Pharmaceutical and Life Sciences Company, headquartered in India.
“India is a new, large market for Barentz that offers immense growth opportunities,” said Hidde van der Wal, CEO of Barentz International, a leading international ingredients distributor headquartered in The Netherlands.
“We hope to position this partnership as a leading distribution player in India, Sri-Lanka, Pakistan, Nepal and Bangladesh and become a reference in nutrient fortification. Considering Jubilant’s network, customer connections and experience of working with the Indian regulatory bodies, along with our combined enlarged ingredients portfolio, we are confident that our partnership will expand our market share steadily and quickly.”
Working with world class suppliers, Barentz offers a full portfolio of single specialty ingredients for food & beverages, as well as custom nutritional and functional blends, produced at Barentz state-of-the-art production facilities Vitablend in Singapore.
Jubilant is the world’s second largest producer of Vitamin B3 (Niacinamide and Niacin), a vitamin that is extensively used in dietary food supplements, enrichment of breakfast cereals and flour, beverages and energy drinks, infant formulas, baking and confectionary. Together the two companies hope to make a significant impact in the area of micronutrient deficiency through solutions in food nutrition and fortification.
Yadav further said, “Micronutrient deficiency is widely prevalent in Asia and food fortification of staple food is an important measure to improve the health of the population. Barentz is the ideal partner to progress in this area, especially when it comes to products for high care applications such as infant formula and clinical nutrition. Through this relationship we plan to offer high quality, nutrient premixes and blends to our customers.”