The nutrition market in India is relatively new and growing steadily. In addition to the undernutrition and diabetes issues facing India, a rapidly expanding middle class and aging population are driving increased demand in the country for high-quality, affordable nutrition products.

"It's a landmark day for Abbott Nutrition and Syngene, as they shape their common vision of innovating towards a healthier India through affordable nutrition products," said Dr Kiran Mazumdar Shaw, chairman & managing director, Biocon Group. "The combined market insights and nutrition science expertise of our two organizations will enable us to address the healthcare and nutritional challenges of an emerging economy like India across a diverse range of diseases that straddle both infectious and chronic maladies," she added.