Blumberg Grain, producer of crop storage and supply chain solutions, is looking to develop a manufacturing facility in India.
Driven by India’s strategic plan for food security, Blumberg is looking at a series of investments throughout the agricultural value chain beginning with a manufacturing plant and export hub for their warehousing systems. It is estimated that the venture will have an economic impact of $1 billion in the first year alone, and a $5 billion impact over the next five years. Additional investments and growth in downstream processing and upstream high-yield farming are also expected to be a result.
Blumberg is also exploring collaboration with private Indian warehousing businesses and corporations owned by state agencies to upgrade and modernize India’s food value chain through the addition of state-of-the-art storage and warehousing systems.
India suffers over 20 million tons of post-harvest wheat losses per year, and Blumberg Grain’s warehousing solutions can potentially reduce these losses to less than 5% of production – significantly improving India’s food security scenario while also benefitting the country’s consumers through lower food prices, and its farmers through better prices for their crops.
Lynda Kiernan is Editor with HighQuest Group Media and of the Oilseed & Grain News. If you would like to submit a contribution for consideration, please contact Ms. Kiernan at email@example.com.