Leading multinational trading firm Cargill sees Asia as the most important growth engine over the next five years, with investments in the region likely to grow by 16-20 per cent. The company is strongly focused on India and has kick-started plans to invest $240 million within next the four years. Cargill, whose India revenue is Rs 80 billion ($1.2 billion), has 3,500 employees in the country. The company has identified animal nutrition, health oils, cocoa products, and building silos among growth areas.
Siraj A Chaudhry, Chairman, Cargill India Private Limited said, “We are keenly looking at this space and going forward, we will decide if the opportunity lies in doing something on our own or looking at partners.” Cargill, which has a big international business in cocoa products, makes cocoa bean powder, butter and other cocoa products, which it sells to leading chocolate manufacturers.
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