African agri major ETG's Indian arm to set up pulse milling plants

Total project cost, including working capital for processing & trading, is pegged at $98 mn

A leading agricultural conglomerate in Africa - ETG's Indian subsidiary is planning to set up a cluster of four pulse milling plants near the Port of Kolkata in an area zoned for green business activities such as grain milling, tea packing, etc.

The total cost of the project, including working capital for processing and trading, is estimated to be around $98 million.

The proposed investment is IFC A Loan of 5-year tenor in India’s largest pulses processing and marketing platform, ETC Agro Processing India Private Limited (ETC Agro). 

The investment will help an Africa-based Group expand its investment and production