December 19, 2013
Cargill invests over US$11 million on cattle feed plant in India
Cargill India is planning to invest INR70 crore (US$11.25 million) in a state-of-the-art cattle feed plant at Bathinda in Punjab to cater to the states of Punjab, Haryana and Rajasthan.
Cargill India was among other firms that signed a MoU with the Punjab government at the recently-concluded Progressive Punjab Investors Summit, according to the Economic Times. Among investment agreements of INR65,000 crore (US$10.45 billion) signed at the summit, 53 investment totaling about INR4,881.99 crore (US$784.82 million) were for the agri-processing category.
The Punjab government has set up a Punjab Bureau of Investment Promotion (PBIP) in an effort to provide an environment of 'ease of doing business' to new investors.