Nuffoods Spectrum India

Cargill invests $20M to support food biz in Rajasthan

25 February 2019 | News

Cargill strives to partner in Rajasthan’s growth by bringing its global expertise in food and agriculture production to the state.

Image Source : newsladder.net

Image Source : newsladder.net

Cargill plans to invest US $20 million (Rs. 140 crores) up to set up a greenfield premix plant in Kota, Rajasthan. The plans were shared at a meeting between Cargill team, led by Imre Havasi, managing director for the company’s animal nutrition business in India, and Dr Subodh Agarwal, Additional chief secretary, Industries, Government of Rajasthan; Shri Gaurav Goyal, commissioner, Investment & NRIs, Government of Rajasthan and other senior government officials.

Cargill strives to partner in Rajasthan’s growth by bringing its global expertise in food and agriculture production to the state. The company has strategically chosen the state of Rajasthan to build this plant, as it is one of the more progressive states in the country, offering a good business environment, availability of quality raw materials, required talent and a strong customer base.

The state-of-the-art plant will be built on 15 acres of land in Tathed Village of Kota District. It will feature a monthly manufacturing capacity of 7,500 tons of animal nutrition products and supplement to serve customers in the state, entire North India and also export markets. Cargill’s proposed investment supports the development of the industry, farmers and communities in and around Kota. It will also help the animal husbandry sector, including livestock farmers, by generating more than 150 jobs in the region, with both direct and indirect employment in the next three to five years.

Cargill Animal Nutrition is a global business unit within Cargill and represents an organization of more than 23,000 employees with 280 facilities in 40 countries, serving customers in more than 100 countries. In India, Cargill’s animal nutrition business serves dairy, poultry, shrimp and fish farmers with value-added products and services in almost every state. Cargill sells its products under some of the best-known animal health and nutrition brands like Bestmin Gold, UTPP and G-promin.

“This investment is part of Cargill’s US $240 million commitment made in November 2017 through a Memorandum of Understanding (MOU) with Indian Ministry of Food Processing Industries. This demonstrates our commitment to growing the agriculture and food processing industry in India while also supporting Indian government’s initiatives of helping farmers earn higher remuneration,” said Simon George, president, Cargill India.

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