Subscribe


January 30, 2014

 

Suguna Foods to invest US$16 million in feed mill in India
 
 

 

India's Suguna Foods is investing INR100 crore (US$16 million) to set up a 500,000-tonne improved pellet technology feed mill plant in Khadakjamb, near Nasik in Maharashtra, India .

 

The plant will be a catalyst for the development of poultry activities in the region. The feed mill will be supplying high quality feeds for broiler, layers, and parent bird farms and other livestock famers for their feed needs. The project is funded by IDBI Bank.

 

Suguna said the plant will procure 300,000 tonnes corn and 150,000 tonnes soy among other agricultural commodities, thereby creating a market for the produce of the state. It is estimated that the annual growth rate for the broiler industry to be approximately 9%.
 
With an annual production of 3,000 million broilers, India is the fifth largest poultry meat producing country in the world, which highlights the huge consumption by Indians. With rising income levels, the consumption of poultry products and eggs is expected to continue to rise.

 

"Such estimates only validate our commitment on the growing consumption for poultry products across the country. The new feed plant in Maharashtra will ensure smooth supply of poultry products in the region. This plant further strengthens our commitment to the rural development,'' said Sundararajan GB, managing director-Suguna Foods.

Video >

Follow Us

FacebookTwitterLinkedIn
About Us
Company Profile
Our Team
Our Products & Services
Subscription
eNewsletter
Inquiry
Contact Us
Advertise With Us
Partner With Us
We use cookies to understand how you use our website and to improve your browsing experience.
This includes personalizing content and advertising. By continuing to use our website, you accept our use of cookies, updated Privacy Statement and Terms of Use.
Copyright ©2001 - 2026 eFeedLink. All rights reserved.