Business Standard

Cargill to invest $160 million in the next three years in new businesses

Cargill also has a commodities business in India, under which it has sourced almost 13 commodities from around 300,000 farmers in 2018-19, totaling 600,000 metric tonnes

Marcel Smits (pictured), chairman and chief executive officer, Asia Pacific, Cargill
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Marcel Smits, chairman and chief executive officer, Asia Pacific, Cargill

Sanjeeb Mukherjee New Delhi
Global food and agriculture major Cargill plans to invest $160 million out of the $240 million it promised in the next three years for fresh acquisitions, including brands, geographical and product-line expansions, two senior officials from the company said.

Once through, Cargill's total investment in India will touch almost $750 million that includes around $500 million in various facilities across the country over the years. 
 
“Discussions are on towards increasing farmers’ income and productivity. We think that Cargill's various businesses from agricultural supply chain, food and animal nutrition could play a big role in the months to come," said Marcel

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