D. D. Saxena creates first Indian-Chinese joint venture in Australia
The first Indian-Chinese manufacturing joint venture in Australia has triumphed over planning obstacles to chart a new path for agribusiness and domestic food processing.
When D. D. Saxena took his plans for the biggest greenfields investment in Australian agribusiness for several years to domestic investors and lenders he was greeted with a common response: if it’s so good why hasn’t someone else done it?
Today, he runs a $150 million-plus state-of-the art integrated oil seed crushing and refining plant in the NSW city of Wagga Wagga which has swiftly become the second or third player in the industries – but with no local money apart from the Indian-born engineer’s own seed capital.
