India’s
Vikas
WSP
will
invest
more
than
2
billion
rupees
($36
million)
to
set
up
two
plants
to
make
guar
gum
products
in
Rajasthan
state
that
will
increase
capacity
to
145,000
metric
tonnes
by
April,
Managing
Director
B.D.
Agarwal
told
Bloomberg.
Vikas,
whose
value
has
more
than
tripled
in
Mumbai
this
year,
will
use
its
own
cash
to
fund
the
expansion.
Prices
of
guar
gum,
a
thickening
agent
used
in
ice
creams,
drugs
and
in
extracting
crude
oil,
rallied
more
than
nine-fold,
forcing
the
Indian
commodity
market
regulator
to
suspend
futures…
