Lex Favios acted as Legal Counsel for a Joint Venture Agreement on behalf of Junga FreshnGreen Private Limited to develop Hydroponics in India, with an investment of $1.1M, in a $4.5M project, from InfraCo Asia Development Pte. Ltd’s South Asian Developer Team, Equicap Asia Pte Ltd.
InfraCo Asia, through its South Asian developer team, Equicap Asia Pte Ltd, will hold majority stake in the JV and invest $1.1M in the project. The project will be implemented in two phases, and is expected to be fully commissioned in the first quarter of 2020. This partnership marks the first time that the agricultural sector in India will see a team of seasoned corporate and development professionals come together to implement a hydroponics facility on a large scale commercial basis for producing fully traceable fresh produce.
Lex Favios advised Junga FreshnGreen Private Limited and was responsible for acting as counsel to Junga FreshnGreen Private Limited.
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