Tata International plans to double agri exports to 76 million dollars by 2021
Tata International, the global trading and distribution arm of diversified Tata Group, plans to double its agriculture exports to $76 million by 2021 and quadruple to $152 million by 2025, a top company official said here.
By : migrator
Update: 2018-01-23 17:33 GMT
Davos
“Our exports to African countries is estimated at $440 million, of which agriculture exports is $38 million. Our programme is to double it by 2021 and quadruple by 2025,” Tata International Chairman and Independent Director GK Pillai said here.
Tata International has substantial presence in several African nations such as south Africa, Kenya, Ivory Coast, Nigeria, Tanzania, Zambia, Zimbabwe and Uganda.
While speaking at the “South-south cooperation: India-Africa Partnership for Food Security and Capacity Building” conference, Pillai said that Africa provides lot of business opportunities.
However, the company faces several issues such as port congestion, currency fluctuation and lack of qualified personnel in African countries.
“Port congestion is a main issue as efficiency in some African countries needs to improve as port congestion hits exporters and demurrage charges are high. Currency fluctuations is also a major issue for exports,” Pillai said.
Tata International is concerned over lack of qualified lab personnel’s in African countries. They are training local people for this, Pillai added.
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