date:Jun 11, 2013
Qatar-based Hassad Food, the agricultural investment arm of Qatars sovereign wealth fund, plans to invest $500m in India for the production of rice, coffee, cardamom and ready-made foods.
The proposed plans comes after the Hassad Food's agreement to acquire 51% stake in India-based rice seller Bush Foods Overseas for $100m in April this year, reports Bloomberg.
Bush Foods Overseas owns basmati rice brands including Neesa, Himalayan Crown and Indian Star.
Hassad is seeking to secure supplies f