Sector News

Cargill invests $250m in its India business, creating 1,300 jobs

November 7, 2017
Food & Drink

Cargill has announced it will invest $250 million in India over the next five years as it aims to expand in the country’s food processing industry.

The investment will be in the company’s core businesses, including edible oil, cocoa and chocolates, starches and sweeteners, and animal nutrition.

Cargill predicts that the investment will provide employment to 1,300 people as well as help the country’s agriculture sector.

Last year, Cargill inaugurated its first wet corn milling plant in India, set up with an investment of $100 million.

The company has inaugurated a new dairy feed mill in Bathinda, Punjab, and has opened its largest business services centre in Bengaluru in 2015, employing around 2,000 people.

The latest announcement was made by CEO of Cargill Asia Pacific Peter Van Deursen at the World Food India Conference.

“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,” he said.

“With the growing population and changing consumer trends, Cargill is committed to nourishing the people of India in a safe, sustainable and responsible manner.

“The Ministry for Food Processing Industries is to be complimented for organising an event the scale of World Food India as it lets us collaborate with partners in the public and private sectors to deliver to our customers what consumers want.”

Cargill started operations in India in 1987, with businesses in refined oils, food ingredients, grain and oilseeds, cotton, animal nutrition, industrial specialties and trade structured finance.

Source: FoodBev.com

comments closed

Related News

January 15, 2022

DSM forges F&B business group integrating taste, texture and health know-how

Food & Drink

Health and nutrition giant DSM is showcasing a new integrated F&B operating structure that unifies food specialties, hydrocolloids and nutritional products. Positioned as a business group, it will harness the gamut of taste, texture and health solutions to manufacturers in the F&B sector.

January 15, 2022

Keeping food transparent: F&B suppliers talk eliminating bias and the pitfalls of eco-labeling

Food & Drink

FoodIngredientsFirst speaks to key suppliers Corbion, Agrana Fruit and Kerry to discuss what core strategies are helping keep food businesses up-to-speed with their environmental reporting while remaining bias-free.

January 15, 2022

Titanium dioxide EU ban comes into force, companies have six months to adjust

Food & Drink

France banned the use of the additive in 2020, leading companies such as Lonza to launch Vcaps Plus White Opal, its first commercially-available titanium dioxide-free semi-opaque capsule for food supplements. The move followed several lobby groups urging the European Commission to prohibit TiO2.

Send this to a friend