Australia's agro firms eyeing to expand footprint in food processing mkt

Country imports pulses, wheat in large volumes from Australia

Traditionally exporting a large volume of foodgrain to India, Australian agricultural majors like GrainCorp are increasingly looking to set up processing units in the country.

This followed Australia's push to make India a global hub for grain processing, an Australian diplomat told Business Standard.

“This would be beneficial to the operations of Australian companies that are exporting a significant amount of foodgrain to India," said Leonie Muldoon, senior trade and investment commissioner for South Asia.

India is a large market for Australian farm produce. The country sent over more than $921 million worth of chickpeas and pulses and $525.38 million