UAE’s private company, Al Dahra Holdings, has evinced interest in investing in Punjab’s agribusiness, a Government spokesperson said on Saturday.
In a letter to Chief Minister Capt 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, the spokesperson said.
Given its mandate to execute on UAE’s Food Security Strategy, Al Dahra is interested in exploring opportunities within India, particularly in Punjab which it sees as a high-potential development State, said Darei in his letter. The company, he said, is keen on expanding its sourcing base and product portfolio offering in the State.
A prominent leader in agribusiness, 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.