Finnish food group Fazer has signed a memorandum of understanding with Reliance Consumer Products Limited to examine a partnership that would introduce Finnish chocolate products to the Indian market. The move coincides with a Finnish state visit to India aimed at strengthening trade and economic ties between the two countries.
The agreement sets out plans to evaluate the export and distribution of selected Fazer chocolate products produced in Finland. The companies will also assess the creation of a long term partnership in India that would involve local production, marketing and nationwide distribution of premium chocolate based on Fazer recipes and quality standards.