Cargill evinces interest to invest Rs. 100 crore for setting up of agro industrial units in Punjab

New Delhi, November 9, 2013: Agri giant Cargill India today announced that it was ready to establish an ultra modern feed plant in the Malwa belt in Punjab.
The top management of the company conveyed this sentiment during a meeting with Punjab Deputy chief minister Sukhbir Singh Badal here.
Cargill Country Head Siraj Chaudhary said the company required some land in the Malwa region for the feed plant which would have a capacity of 75,000 tonnes and would involve an investment of Rs 100 crore. Mr Chaudhary said the plant would cater to cattle feed needs of the dairy industry in Punjab and Rajasthan.
The Cargill management evinced its interests to come with a high quality cattle feed processing unit, marketing unit for maize besides investing in milk sector with increasing production, quality and export. Chaudhary informed that the company was successfully running joint wheat procurement with Markfed in District Moga and was keen to expand its base in other districts also.
The Deputy CM on his part assured the Cargill management that there would no laxity on the part of state government to provide all amenities and clearances to Cargill for setting up of its units. He also invited company heads for the ensuing Investment Promotion Summit being organised by Punjab Government on December 9 and 10.
Later on Badal also met the heads of IT, education and realty giants including e-value serv, i-yogi and ACMA and Amity. The heads of these companies also evinced their interests to invest in Punjab and to participate in coming Investment Promotion Summit.