The Government of India (GOI) has approved Suzuki Motor Corporation to acquire a 26% stake in NDDB Mirda Ltd. Banking & Finance | Dated: 10 Jan 2025 In January 2025, the Government of India (GoI) approved Suzuki Motor Corporation, based in Shizuoka, Japan, to acquire a 26% stake in NDDB (National Dairy Development Board) Mirda Limited, a bio-gas venture of NDDB, located in Anand, Gujarat. 🎯 Key Highlights: - Suzuki Research and Development (R&D) Center India Private Limited, a subsidiary of Suzuki Motor Corporation, signed an agreement with NDDB to invest in NDDB Mirda Limited. - The total investment for this acquisition is Rs 34 crore. Suzuki will first invest Rs 8.84 crore, with the remaining Rs 25.16 crore to be invested later. 💡 Other Important Facts: (i) This collaboration is part of Suzuki's strategy to use Compressed Bio-Gas (CBG) to improve the sustainability and performance of its vehicles. (ii) The agreement also allows Suzuki to gradually increase its stake to 49%. (iii) In 2023, Suzuki, Banas Dairy, and NDDB signed an agreement to set up four dung-based CBG plants in Banaskantha district, Gujarat. NDDB will build the plants, Banas Dairy will operate them, and Suzuki will provide the funding. 📚 Test Your Knowledge: What percentage stake has Suzuki Motor Corporation recently been approved to acquire in NDDB Mirda Ltd? Correct Answer: 26% 🚀 Quick Recap: