US Based Cargill Announces $200 million Investment

[WaLeEdK2]

A US-based multinational company Cargill has renewed its long standing commitment to Pakistan by announcing plans to invest more than 200 million dollars in the next three-to-five years.

The announcement was made after Cargill's global executive team, 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, met with the Prime Minister Imran Khan in Islamabad today.

The visiting delegation informed the Prime Minister that Cargill intended to invest in Pakistan as back as 2012 but was discouraged by mismanagement, corruption and non-availability of level playing field during the previous governments.

However, investor's confidence has restored after the incumbent government and the policies being pursued by it.

The Prime Minister welcomed investment plans of Cargill in the area of agriculture development, import substitution and enhancement of agricultural products.

He highlighted the efforts of the government towards ensuring transparency, providing the business community with level playing field and improving ease of doing business in the country.

The Prime Minister assured the delegation full support from the government.

Being a global food and agriculture producer with a strong focus on Asia, Cargill aims to partner on Pakistan's growth by bringing its global expertise and investment into the country. The company's strategy includes expansion across its agricultural trading and supply chain, edible oils, dairy, meat and animal feed businesses while ensuring safety and food traceability.

Cargill will bring world class innovations to support the flourishing dairy industry in Pakistan as well as the rising demand for edible oils and a growing market for animal feed

http://www.radio.gov.pk/17-01-2019/...any-cargill-to-invest-over-200mln-in-pakistan

 

[WaLeEdK2]

“The visiting delegation informed the Prime Minister that Cargill intended to invest in Pakistan as back as 2012 but was discouraged by mismanagement, corruption and non-availability of level playing field during the previous governments”


“He highlighted the efforts of the government towards ensuring transparency, providing the business community with level playing field and improving ease of doing business in the country”

Pretty much sums up the difference between this government and the two other clueless clowns lol.

 

[xyxmt]

India will have strong objection..."Kargil is our atootang"

 

[Path-Finder]

I wonder if this organisation has the capacity to modernise milking cows/buffaloes? Still hand milking instead of using machines is a waste of time.

 

[ghazi52]

Cargill, the global agriculture giant, has pledged to invest more than $200 million in the next three-to-five years in Pakistan.

The announcement was made soon after Cargill’s global executive team, led by Cargill Asia Pacific Chairman and Global Strategy head Marcel Smits and Cargill Agricultural Supply Chain President Gert-Jan van den Akker met Prime Minister Imran Khan, PM’s Advisor on Commerce Abdul Razak Dawood, Parliamentary Commerce Secretary Shandana Gulzar and other senior government officials to discuss the company’s future investment plans.

Being a global food and agriculture producer with a strong focus on Asia, Cargill aims to partner on Pakistan’s growth by bringing its global expertise and investment into the country.

The company’s strategy includes expansion across its agricultural trading and supply chain, edible oils, dairy, meat and animal feed businesses while ensuring safety and food traceability.


Cargill will bring world-class innovations to support the flourishing dairy industry of Pakistan, which is already moving toward modernisation, as well as to support the rising demand for edible oils backed by evolving consumption patterns and to cater to the growing market for animal feed driven by sustained progress made by the poultry industry of Pakistan.

“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,” said the Cargill Pakistan country head.

Prime Minister Imran Khan informed the visiting delegation that Pakistan is following “very liberal investment regime in the region with diverse and business-friendly incentives”.

He said Pakistan is endowed with a wealth of resources, demographic potential, and an educated workforce. The PM updated that concerted efforts are underway to further improve ‘ease of doing business’ in the country.

Advisor to the Prime Minister on Commerce Abdul Razak Dawood apprised the delegation about the recent initiatives the incumbent government has undertaken to improve investment regime and business environment.

He shared the business-friendly vision of the government that is expected to make Pakistan an irresistible destination for investors

 

[Syed1.]

Excellent.. iA more to come

 

[Samlee]

Signs Of Great Days Ahead

 

[Yankee-stani]

ISLAMABAD: Cargill renewed its long standing commitment to Pakistan by announcing plans to invest more than US$200 million in the next three-to-five years.

The announcement was made soon after Cargill’s global executive team, 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, met with the Prime Minister Imran Khan and other senior government officials to discuss the company’s future investment plans.

Being a global food and agriculture producer with a strong focus on Asia, Cargill aims to partner on Pakistan’s growth by bringing its global expertise and investment into the country.

The company’s strategy includes expansion across its agricultural trading and supply chain, edible oils, dairy, meat and animal feed businesses while ensuring safety and food traceability.

Cargill will bring 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 in Pakistan.

Cargill’s proposed investments will support Pakistan’s overall economic development and contribute to local employment.

The visiting delegation informed the Prime Minister that M/s Cargill intended to invest in Pakistan as back as 2012 but were discouraged by mismanagement, corruption and non-availability of level playing field during the previous governments. However, investor’s confidence has restored after the incumbent Government and the policies being pursued by it.

The prime minister welcomed investment plans of M/s Cargill in the area of agriculture development, import substitution and enhancement of agricultural products.

He highlighted the efforts of the government towards ensuring transparency, providing the business community with level playing field and improving ease of doing business in the country.

The PM assured the delegation full support from the government.

 

[SMC]

Commiserations to @SunilM

 

[Dubious]

Cargill to invest $200 million in Pakistan, government says
18 January 2019

PAKISTAN (Reuters) - Food and agriculture group Cargill Inc will invest some $200 million in Pakistan over the coming three to five years in sectors ranging from dairy, to edible oils and animal feed, the prime minister's office in Islamabad said on Thursday, 17 January

"Cargill's proposed investments will support Pakistan's overall economic development and contribute to local employment," it said in a statement following a meeting between company executives and Prime Minister Imran Khan.

The announcement comes as Pakistan, grappling with a severe squeeze on its foreign exchange reserves, has stepped up efforts to stabilze its economy and attract international investors.

Privately owned Cargill will expand its operations across the agricultural trading and supply chain, edible oils, dairy, meat and animal feed, the government statement said.

Reporting by James Mackenzie, Editing by William Maclean

http://www.thepoultrysite.com/poult...vest-200-million-in-pakistan-government-says/