INDIA – Cargill has announced plans to invest US$20 million in a new greenfield premix facility in northern Indian state, Rajasthan to increase its capabilities in animal nutrition in the country.
According to Cargill, the plant, set to sit on 15 acres at Tathed village in Kota will manufacture animal nutrition products and supplements to serve customers in the state, entire North India and also export markets.
It will have a monthly manufacturing capacity of 7,500 tonnes of animal nutrition products and supplements, strengthening its animal nutrition business which currently includes dairy, poultry, shrimp and fish farmers with value-added products and services.
“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,” the company said.
Investment plans in India
Cargill said the investment was part of US$240 million commitment made in November 2017 through a memorandum of understanding with Indian Ministry of Food Processing Industries.
It covers core segments such as edible oils, cocoa and chocolates, starches, sweeteners and animal nutrition.
With this investment, Cargill looks to employ an additional 1,300 people in the country, compared to 3,500 people who are already working at various facilities in India.
Its animal health and nutrition brands include Bestmin Gold, UTPP and G-promin.
The company which started operations 1987 in India, has businesses in refined oils, food ingredients, grain and oilseeds, cotton, animal nutrition, bio-industrial and trade structured finance and employs over 23,000 people around the globe.
In 2016, Cargill set up its first wet corn milling plant in Davangere, Karnataka with an investment of US$100 million and inaugurated a new dairy feed mill in Bathinda, Punjab.
It also opened its largest business services centre, in Bengaluru in 2015, employing around 2,000 people.
Cargill has made a series of commitments in Ghana, Thailand, Philippines and recently in Pakistan where it plans to invest up to US$200 million in food and agricultural businesses.
In the US, the firm unveiled US$37.62 million investment in upgrades, expansions and modernization at its soybean processing plant in Cedar Rapids, Iowa.