Tyson to invest $2 to $4 million in Indian joint venture

Over the next year, Tyson Foods will invest $2 to $4 million in Godrej Tyson Foods, its Indian joint venture with Godrej Agrovet, according to published reports.

Tyson Foods holds a 51 percent stake in the venture, and Godrej Agrovet, a unit of Godrej Industries, owns the remaining 49 percent stake.

Godrej Tyson Foods sells processed chicken brand Real Good and ready-to-eat foods like chicken sausages under the Yummiez brand. Regarding India's potential, Tyson said, "(Poultry) is usually the low-cost protein in the marketplace, whether it is compared to mutton, beef or pork. There will come a desire to add more protein (as incomes rise)."