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 29, 2023

Danone appoints three new deputy CEOs

Food & Drink

Danone has appointed three deputy CEOs to “better connect categories and regions” and drive the delivery of its ‘Renew Danone’ strategy. The new appointees are Veronique Penchienati-Bosetta, Shane Grant and Juergen Esser. They will report to Danone CEO Antoine de Saint-Affrique.

January 29, 2023

PepsiCo Portugal invests €7.5m in biodigester

Food & Drink

PepsiCo Portugal has announced that it will invest €7.5 million to construct a new biodigester, which will turn organic waste into biogas. As well as helping its Carregado facility to achieve a 30% reduction in carbon emissions, the biodigester will also contribute to reducing gas consumption, allowing the installation to use the biogas produced during the anaerobic digestion process.

January 29, 2023

Kerry’s fellowship with Upcycled Food Foundation explores future of food waste prevention

Food & Drink

Kerry is sponsoring The Kerry Upcycled Food Foundation Fellowship in a new partnership with the Upcycled Food Foundation (UFF), the non-profit subsidiary of the Upcycled Food Association (UFA). The research fellowship is the second initiated by the UFF and will work toward advancing the understanding of the market, consumer perception and technical opportunities of upcycled food.

How can we help you?

We're easy to reach