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Blumberg Grain Visits India With An Eye Towards Adding Value to the Country's Ongoing Food Security Initiatives

Reuters (PDF)

Blumberg Grain senior executives are arriving in India this week for meetings on food security needs in the public and private sectors.

The Future of Food Security Is Here

The company will also be participating in official business and industry events on January 26th held in honor of visiting U.S. President Barack Obama, and hosted by the U.S.-India Business Council, an arm of the US Chamber of Commerce.

Chairman and CEO, Philip Blumberg, accompanied by senior executives of the US based agribusiness company, will also be evaluating opportunities in India for partnering with Indian companies as well as investing in food processing, manufacturing, and opportunities to establish food security operations in India to reduce post harvest losses, currently estimated at over 50%, to under 5% utilizing Blumberg Grain’s state of the art technology and storage systems.

Blumberg Grain’s food security technologies and solutions are increasingly taking hold among emerging agricultural economies. The Company was recently selected to develop Egypt’s new grain storage infrastructure, which comprises 93 sites across Egypt, and enables primary processing of 3.7 million metric tons of wheat per year across a platform of 3.6 million square feet of storage space. That project will be one of the world’s largest integrated food security systems for grain storage. Blumberg is also providing cold chain storage for produce and perishable storage for the Nigerian government, which is anticipated to ultimately comprise the largest cold chain infrastructure on the continent.

Philip Blumberg Chairman and CEO, commented, “Though we have considered investments in India previously, the determination of the Modi Administration to address food security and improve agriculture, combined with President Modi’s ‘Make in India’ initiative, is very aligned with our objectives. We will be evaluating opportunities to manufacture our food security systems and storage in India for domestic use and for export. We are looking forward to meetings with government officials as well as major Indian companies regarding joint-venture/partnership to enter the India market. At the end of the day, we believe that India provides numerous win-win opportunities for our company, Indian agriculture and the Indian people as a whole.”

About Blumberg Grain

Blumberg Grain is a leading global food security company, providing harvest protection systems and technology. Blumberg Grain’s fully integrated crop and food security systems can reduce post-harvest losses of grain, produce, and other perishables to 5% or less. Blumberg Grain works with private companies and countries to modernize agricultural value chains, increase the quality and marketable output of their harvests, enable efficient market timing, and significantly boost exports of agriculture products.

For more information, please visit www.blumberggrain.com.

Contact Vicki Rosa (vrosa@blumbergcapitalpartners.com; +1.305.569.9500) for further inquiries.

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