NAFED to contribute and promote ‘International Year of the Millet’ 2023 on global scale
Cargill India is planning to expand its presence in India and has prepared a plan to broaden its portfolio, which includes aqua feed and aqua premix, animal feed, plant for transfer fuels, strengthening edible oil brand, corn wet milling, and cocoa products for catering to the needs of chocolate making companies. Around Rs 15 billion in investments has been committed by its parent for the Indian market over the next few years.
The company is already supplying cocoa products like cocoa powder, cocoa butter and cocoa liquor to global chocolate giants. Cargill is also exploring investment in the cocoa and chocolate space in India. The company plans to prepare these product mixes in India and supply them to domestic Chocolate companies.
Cargill has set up a storage facility for grains and oilseeds in Karnataka and a part of its future investments will go towards expanding the company’s storage capacity. Already, an investment of Rs 1 billion is underway for storage.
Cargill India has also acquired an animal feed plant in Andhra Pradesh that the firm will spend money on to improve technology and for its expansion.