ISLAMABAD: The global food and agriculture giant Cargill has announced plans to invest $200 million in Pakistan over the next for next three to five years.
The announcement was made soon after Cargill’s global executive team met with Prime Minister Imran Khan and other senior government officials on Thursday to discuss the company’s future investment plans.
Cargill’s team was led by Marcel Smits, head of Global Strategy and Chairman, Cargill Asia Pacific region, and Gert-Jan van den Akker, president, Cargill Agricultural Supply Chain.
The company is expected to employ world class innovations to support the flourishing dairy industry in Pakistan ─ which is already moving toward modernization, as well as the rising demand for edible oils backed by evolving consumption patterns and a growing market for animal feed driven by sustained progress made by the poultry industry.
“Having been in Pakistan for more than 30 years, Cargill is happy to demonstrate our commitment to the country’s future through investment in our business and communities here. Finalizing one of our first investments in the agricultural supply chain in Pakistan is our top priority. We have received a very positive response from the Pakistani government and we value their support as we expand our presence here, helping industries, farmers and communities succeed.”Imran Nassurullah, Country Head Cargill Pakistan
He added that, “Cargill is actively engaged in giving back to the communities in Pakistan through its community support and natural disaster relief work. Going forward, the company will work to improve food security, thereby contributing to the social development of the country.”
Cargill has planned investment will encompass agricultural trading, oilseeds crushing, edible oils, animal feed and dairy industries.
The company’s strategy also includes expansion across its agricultural trading and supply chain, edible oils, dairy, meat and animal feed businesses while ensuring safety and food traceability in Pakistan.