Temasek invests Rs 250-cr in StarAgri

Singapore based investment company Temasek has announced investment of Rs 250 crore in Star Agriwarehousing and Collateral Management Ltd.

Another private equity player IDFC Alternatives invested Rs 150 crore in Star Agri in 2012.

"Our business model, execution and scaling up capabilities and transparent governance practices have attracted two of the best partners, first in India and then in Asia which we look forward to leveraging for future growth.

Temasek's global network and insights of the agri-logistics space will help StarAgri grow to international size and reputation," said Amith Agarwal,co-founder and Executive Director.

With a key focus on building efficiencies in the agrivalue chain, StarAgri will invest in acquiring international best practices like silo based storage, mechanized sorting of agri-produce and technology to ensure real time inventory and risk management.

'Banks' improved contribution has helped us travel this distance. We are committed to building a professional company of global scale,"he added.

Temasek's investment is expected to boost Star Agri's current program of developing a pan India network of agri-logistics facilities such as state of the art agri-warehouses, private mandis and value added services as per international standards.

The company will use this investment in creating worldclass systems and processes, technology for better mechanization and physical assets across pan India to own and capture value across the entire agri-produce value chain - origination, processing, merchandising, handling, storage and transportation of agri-commodities and produce.