Japan
Japan
GLOBAL NEWS
25 December 2024
Suzuki to Invest in NDDB’s Subsidiary to Expand
Biogas Plants throughout India
Suzuki Motor Corporation (hereinafter, Suzuki) has signed an agreement to invest in NDDB Mrida Limited (hereinafter, Mrida), a wholly owned subsidiary of the National Dairy Development Board (hereinafter, NDDB), through Suzuki R&D Center India Private Limited, a wholly owned subsidiary of Suzuki in India. A signing ceremony was held at NDDB headquarters in Anand, Gujarat today with NDDB’s Executive Director S Rajeev, Suzuki’s President Toshihiro Suzuki and main Indian dairy industry in attendance.
In order to contribute to the realization of carbon neutrality in India, Suzuki is working toward establishing biogas plants together with NDDB and Indian dairy industry associations.
Mrida is a wholly owned subsidiary of NDDB, which was established in July 2022 to promote environmental conservation and agricultural development. The company establishes and operates biogas plants by using cow dung in India. Suzuki plans to expand its biogas business by establishing and operating biogas plants in cooperation with dairy cooperatives across India through Mrida.
Overview of NDDB Mrida Limited Company
| Name | NDDB Mrida Limited |
|---|---|
| Address | Anand, Gujarat |
| Establishment | July 2022 |
| Business | -Production, operation, and management of Biogas plant -Development, manufacture, and sales of organic fertilizers |
(Reference) Suzuki's activities related to biogas business in India
| Date | Content | Partner |
|---|---|---|
| August 2022 | Signed a memorandum of understanding for a biogas demonstration project in India. | NDDB |
| December 2022 | Concluded a memorandum of understanding to work toward the start of the demonstration project with the three parties, including Banas Dairy. | NDDB, Banas Dairy |
| September 2023 | Contract signed for the construction of four biogas plants from 2025 onwards in Banaskantha district, Gujarat. | NDDB, Banas Dairy |
| July 2024 | Signed a memorandum of understanding on the installation of the fifth biogas plant and the demonstration of mobility services for rural areas using biogas. | NDDB, Banas Dairy |
| October 2024 | Signed memorandum of understanding to build two new biogas plants with new dairy cooperatives. | NDDB, Amul Dairy, Dudhsagar Dairy |
| December 2024 (This time) |
Conclusion of an agreement for investment in NDDB subsidiary Mrida. | NDDB |