KV Aromatics signs $10 mn contract with China's Sinopharm

NEW DELHI: KV Aromatics Pvt Ltd today said it has signed an annual agreement of $10 million (about Rs 61 crore) with China's Sinopharm.

The agreement is part of the visiting Chinese delegation to the country. Chinese President Xi Jinping is on a 3-day visit to India.

This is the second year running that KV Aromatics Pvt Ltd, which supplies natural essential oils, mint products, aroma fine chemicals and herbal products, has bagged the contract, the company said in a statement.

KV Aromatics Director Aman Agarwal said: "This year also we have been awarded with a single business contract worth $10 million by our esteemed client, from Beijing, China."

Elaborating on the company it has signed agreement, Agarwal said Sinopharm is a Fortune 500 company owned by Central Government of China with revenues of $33.27 billion.

The signing ceremony was attended by senior government officials and industrialists of India and China, the company added.