Chandigarh, 19 August: The UAE’s leading private company, Al Dahra Holdings, has envinced interest in investing in Punjab’s agribusiness. In a letter to the Chief Minister Captain Amarinder Singh, the company’s Vice Chairman and Co-founder Khadim Al Darei has sought close cooperation with the state government to promote mutual cooperation in the agriculture sector. Darei has requested the Chief Minister for a personal meeting to discuss areas of collaboration, a spokesperson of the CMO revealed.
UAE is among the many countries keen on investing in Punjab in the wake of the change in government in March this year, leading to the creation of a favourable environment for the promotion of business and industry in the state.
The company, based in Abu Dhabi, has already partnered with Indian producers and has invested in establishing its presence in India, as part of UAE’s efforts to collaborate with the latter, Darei has pointed out in his letter. He further observed that a MoU has been signed between Ministry of Agriculture and Farmers’ Welfare, India, and the Ministry of Climate Change & Environment, UAE, to develop a framework of cooperation in various agricultural fields of mutual interest.
A prominent leader in Agri business, Al Dahra specialises in cultivation, production and trading of animal feed and essential food commodities, such as rice, flour, fruits and vegetables. The company has a highly active foreign investment strategy, having made various acquisitions and joint ventures with specialised feed and food producers worldwide.
