Diversified New Hope Group of China is keen to set up an animal feed plant by investing Rs 80 crore [US$14.7 million] over a period of two years in Bengal. “A Chinese group has expressed interest in investing Rs 80 crore in Bengal for setting up an animal feed plant,” Chinese consul-general in Calcutta Zhang Lizhong said at a session of the Calcutta Chamber of Commerce…Full-text article: The Telegraph Apr 2013

Key point

  • New Hope Group, China’s largest private agricultural conglomerate, hopes the animal feed factory will not only supply the local Indian market, but also assist in the exportation of maize (raw feed material) to China

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