The announcement was made at the World Food India Conference by Peter Van Deursen, chief executive officer (CEO), Cargill Asia Pacific, at a signing ceremony of a Memorandum of Understanding (MOU) with India Ministry of Food Processing Industries in the presence of Honorable Union Minister of Food Processing Industries, Smt. Harsimrat Kaur Badal.
The added investment will be in Cargill’s core businesses, including edible oil, cocoa and chocolates, starches and sweeteners and animal nutrition in India. In addition, it will provide employment to 1,300 people and help farmers in the country.
|Peter Van Deursen, CEO, Cargill Asia Pacific|
Cargill began its food nourishment, safety dedicationin April along with General Mills, Patanjali and Hindustan Unilever by agreeing to begin fortifying their wheat flour in India, according to the Food Safety and Standards Authority of India (FSSAI).
The FSSAI said the companies already have begun the process of fortifying wheat flour, with their products, including Aashirwaad, Pillsbury, Annapurna, Patanjali and Nature Fresh, expected to be available in different regions by July-August, with full scale up by December.
In India, Cargill started operations in 1987. It has businesses in refined oils, food ingredients, grain and oilseeds, cotton, animal nutrition, industrial specialties and trade structured finance. Cargill in India offers consumer brands of edible oils such as Nature Fresh, Gemini, Sweekar, Leonardo Olive Oil, Rath and Sunflower brand of hydrogenated fats. It also markets wheat flour under the Nature Fresh brand name.
The animal nutrition business of Cargill provides animal feed and premix and nutrition for aqua, dairy and poultry. It markets animal feed and premix under the brands such as Provimi, Purina, Citura and Cargill. Cargill’s grains and oilseeds crush business originates grains and oilseeds at 200 storage locations. Overall the company employs more than 3,500 employees working across offices and plants and a network of offices, warehouses and depots.