US agribusiness Bunge is to invest between US$100m and $200m in India over the next five years, its Indian subsidiary has said.
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Bunge’s regional general manager (Asia), Christopher White, said the investment formed part of the company’s strategy to become a leading integrated edible oil company in India, reported Asia Pulse.
“In India, which is among the most important markets for Bunge, we have so far invested around US$14m,” White was quoted as saying.
The company, which acquired the edible oils business of Hindustan Lever in 2003, said its operations in India will include oil production, processing, crushing, refining and transporting oil to retail outlets.
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