India Cargill To Invest US$240 Million In Food Processing And Agriculture

Friday, November 10th, 2017 | 939 Views


India Cargill To Invest US$240 Million In Food Processing And Agriculture  and aims to add to the food safety and economic development of the country as well as benefit the food processing and agriculture industries.

The Cargill added investment will be spread over the next five years and will be part of the company’s core businesses in India, which includes edible oil, cocoa and chocolates, starches and sweeteners and animal nutrition. In addition, it will provide employment to 1,300 people and help farmers in the country.

Peter Van Deursen, chief executive office, Cargill, Asia Pacific, said: “India is an important market for us and this increased investment demonstrates our commitment to the country and the development of its agriculture and food processing industry.”

Last year, the company inaugurated its first wet corn milling plant in India, set up with an investment of US$100 million. The company also inaugurated a new dairy feed mill in Bathinda, Punjab.

 

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