Global commodity major Cargill has said it would invest $160 million over the next three years to augment its operations in India. This would be in addition to the $80 million that the Minnesota-based private food and agricultural behemoth has already invested in the last two years.
“India is a regionally important country for us. It has the second-highest investment in the Asia Pacific region, after China. We have invested half a billion dollars in India already, which is about 1 per cent of the company’s total investment,” said Marcel Smits, Cargill’s Chairman and CEO the Asia-Pacific region, who was on a recent visit to India.
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Smits, who took up the top job in Asia last year, was in India last week to review the performance of its operations in India as well as meet key government functionaries, including Minister for Food Processing Industries Harsimrat Kaur Badal and NITI Aayog Vice-Chairman Rajiv Kumar.
Source: Business Line