ISLAMABAD – US based multinational company Cargill has renewed its longstanding commitment to Pakistan by announcing plans to invest more than 200million dollars in the next three-to-five years.
The announcement was made after Cargill’s global executive team, led byMarcel Smits, head of Global Strategy and Chairman, Cargill Asia Pacificregion, and Gert-Jan van den Akker, president, Cargill Agricultural SupplyChain, met with the Prime Minister Imran Khan in Islamabad today.
The visiting delegation informed the Prime Minister that Cargill intendedto invest in Pakistan as back as 2012 but was discouraged by mismanagement,corruption and non-availability of level playing field during the previousgovernments.
However, investor’s confidence has restored after the incumbent governmentand the policies being pursued by it.
The Prime Minister welcomed investment plans of Cargill in the area ofagriculture development, import substitution and enhancement ofagricultural products.
He highlighted the efforts of the government towards ensuring transparency,providing the business community with level playing field and improvingease of doing business in the country.
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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 globalexpertise and investment into the country. The company’s strategy includesexpansion across its agricultural trading and supply chain, edible oils,dairy, meat and animal feed businesses while ensuring safety and foodtraceability.
Cargill will bring world class innovations to support the flourishing dairyindustry in Pakistan as well as the rising demand for edibl
