Cargill, in collaboration with Saatvik Agro Processors, has inaugurated a new corn milling plant in Gwalior, Madhya Pradesh, to cater to the growing demand for starch derivatives in India’s food industry. This plant will primarily serve the confectionery, infant formula, and dairy sectors, producing essential ingredients like thickening and stabilizing agents used in products such as gummies, jellies, yogurt, and cheese.
With a market value of $15 billion, these sectors are experiencing rapid growth, with annual compounded growth rates of 6 to 11% over the next five years. The new facility, initially capable of producing 500 tons of starch derivatives per day, has the potential to expand to 1,000 tons daily to meet rising demand.
The plant will exclusively supply products for Cargill, ensuring adherence to its high global food safety and quality standards. This initiative will not only strengthen Cargill’s supply chain efficiency but also reduce costs and logistics by serving customers in North, Central, and Western India.
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Speaking at the launch, Simon George, President of Cargill India and Managing Director of Food South Asia, emphasized the importance of local manufacturing capabilities. He stated, “This Gwalior plant allows us to serve our customers more competitively by reducing supply timelines, increasing cost-effectiveness, and ensuring a stable supply of high-quality food solutions.”
The new facility also aligns with India’s ‘Make in India’ initiative, fostering local manufacturing, creating employment opportunities, and driving long-term sustainable growth. Moving forward, Cargill plans to explore export opportunities through this plant, further strengthening its market reach.
The plant was officially inaugurated by John Fering, Group President, Food APAC, Cargill, along with Simon George. This strategic expansion reaffirms Cargill’s commitment to innovation and sustainability, supporting the growth of India’s food and beverage industry.
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