Cargill India to set up Rs 100-cr feed plant in Punjab

It will be investing Rs 100 cr

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Cargill India has said it is set to establish an ultra-modern feed plant in the Malwa belt in Punjab with an investment of Rs 100 crore.The top management of the company conveyed this during a meeting with Punjab Deputy Chief Minister Sukhbir Singh Badal in New Delhi on Saturday.

Cargill Country Head Siraj Chaudhary said the company required some land in the Malwa region for the feed plant that would have a capacity of 75,000 tonnes and would involve an investment of Rs 100 crore. 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 said the company was jointly procuring wheat with Markfed in District Moga and was keen to expand its base in other districts also.

The Deputy CM also invited company heads for the ensuing Investment Promotion Summit being organised by Punjab Government on December 9 and 10.

Later, 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.