Sayaji Industries Enters Caramel Business Through Joint Venture with France’s Nigay SAS

Sayaji Industries Limited has formed a 50:50 joint venture with Nigay SAS, France to establish a state-of-the-art caramel manufacturing facility in Ahmedabad. The joint venture aims to serve high growth emerging markets including India and the Indian subcontinent, the Middle East, Africa and South East Asia. The plant is expected to come on stream by the end of calendar year 2027. Sayaji Industries Limited is a leading corn wet milling and speciality ingredients group with strong presence in starch and starch derivatives, spray dried food powders and functional ingredients. The Company serves diverse industries across food, industrial and pharmaceutical sectors with operations spanning India and international markets. Nigay SAS is a family owned French company, founded in 1855, recognised globally for its expertise in the art and science of producing various grades of caramels.