Cargill's Karnataka plant to start production by June 2015

Diversified group Cargill India will start operating its USD 100 million mill in Karnataka by June next year, processing about 800 tonnes of locally sourced corn per day, a top official of the company has said.

"We expect to start production from June next year. Construction of the mill started recently," the company's Chairman Siraj Chaudhry told PTI here today on the sidelines of a seminar at the Singapore Management University.

The mill is based in the heart of corn growing areas of Karnataka.

"Output from the mill will largely be for local market, with about 10-15 per cent exports to the Middle East and Africa," said Chaudhry.

The mill would supply starch-based products to India's growing pharma, food and confectionery industries, he said.

The mill is Cargill's single largest investment in India.

Chaudhry said Cargill has long history of serving the Indian market in various trades including edible oils and foods.

The seminar was organised by the University’s India Initiatives and Indian Institute of Foreign Trade Alumni Association, Singapore.