Ingredion Invests 9% in Sanstar JV, Builds Greenfield India Plant
INGR•Ingredion invests 9% equity in a joint venture with Sanstar Limited, commissioning a greenfield plant to produce specialty starches and pharmaceutical ingredients for India’s fast-growing food, beverage and pharma markets. The venture pairs Sanstar’s manufacturing capacity with Ingredion’s formulation expertise to serve domestic customers and export markets.
1. Joint Venture Structure
Ingredion will hold a 9% equity stake in the newly formed joint venture with Sanstar Limited, establishing a partnership that combines Sanstar’s local manufacturing footprint with Ingredion’s global formulation capabilities.
2. Greenfield Plant & Production
The companies will commission a greenfield facility in India to produce a diversified portfolio of specialty starches, modified starches and pharmaceutical-grade ingredients tailored to high-value food, beverage, pharmaceutical, home and beauty markets.
3. Market and Strategic Implications
India’s specialty starch and functional ingredients sector is one of the region’s fastest-growing, driven by rising domestic consumption and pharmaceutical export demand; this venture positions Ingredion to expand its local presence and pursue export channels from India.
