New IG International joint venture

IG International has announced a new joint venture with Palogix International to provide the rental of plastic agricultural harvesting and storage bins in the Indian fruit, vegetable and nut market.

The venture, named IG Palogix, will be headed by Ajay Jhalani, a plastics expert and the newly appointed business advisor for Palogix International.

Much of India’s fresh produce sector currently utilises a one-way packaging solution and IG Palogix hopes by providing rental of reusable plastic agricultural bins it will improve quality and efficiency, reduce processing and transportation costs, and enhance eco-friendly sustainability practices through the implementation of a circular economy practice.

Tarun Arora, director of finance and operations of IG International, said the venture will cater to the growing demand for agricultural bins in the Indian market, especially in the food and beverage sector.

“This venture will assist the food and beverage sector in meeting packaging demand while also reducing traditional packaging practices. Using agricultural bins will help cut down on the carbon footprint. With IG Palogix, we also look forward to reducing the overall cost of production and transportation in the food and beverage industry,” said Arora.

Robert Liebesman, chief executive of Palogix International, was excited to partner with IG International.

“We see our partnership and expansion into the large and growing Indian market as a critical part of our strategy where we can continue to bring the huge benefits of plastic bin rentals to fruit, vegetable, and nut markets around the world.”

Jhalani said the mantra behind IG-Palogix was to work on sustainability, the three Rs (recycle, reuse, reduce), and a circular economy.

“Our new venture will add value to the supply chain wherever one-way packaging is used. We will alter the one-way packaging model with our agri-bins, which will then be rotated between growers, cold storage facilities, retailers, and us,” Jhalani explained.

“We also believe that introducing agri-bins in the Indian market will promote sustainability, which is the need of the hour.”