Cargill will produce 10,000 tons of chocolate products at a new factory e in western India that will open in 2021. The Minnesota based giant will partner with an unnamed Indian company to build and run the plant. “Asia is a key growth market for Cargill. Opening a chocolate manufacturing...
Cargill Launches Aquaculture Technology Center in India
Soon after after inaugurating the first fish feed plant in Vijayawada, Minnesota-based Cargill launched a Technology Application Center in Kaikaluru; both facilities are in India's southern state of Andhra Pradesh. The Technology Application Center is designed to help farmers access innovations and apply the best possible solutions to grow healthy...
Cargill Develops its Aqua Feed Business in India
Minnesota-based Cargill opened its first feed plant in the city of Vijayawada, in the southern state of Andhra Pradesh, dedicated to fish species in India, enabling fish farmers across the country access to high-quality feed this year. The company has invested more than $10 million in the plant. "India presents...
Cargill to Invest Additional $240 Million in India
Minnesota-based Cargill said it will invest $240 million in India over the next five years in its business of edible oil, cocoa and chocolates, starches and sweeteners, and animal nutrition. This announcement was made at the World Food India Conference held in Delhi in early November by Cargill Asia Pacific CEO Peter...
Getting Indian Consumers to Accept Olive Oil
Serendipity: On a visit to Perth, Australia in 2002, V.N. Dalmia, chairman of New Delhi-based Dalmia Continental was introduced to the way olive oil was used to flavor food in Italian cuisine. The dilemma: Most Indians were not aware if olive oil could be used for cooking. Most of the...
Future Group India Raises $45 Million from Cargill's Private Equity Arm
Future Consumer Enterprise Ltd., the food and consumer goods division of Kishore Biyani-led Future Group, has decided to raise $45 million from Black River Asset Management, the private equity arm of U.S. food and agriculture company Cargill through preferential allotment of compulsory convertible debentures. Additionally, it will raise nearly $10...