As US President Donald Trump moves ahead with steep tariffs on several nations, including India, powerful American agriculture and dairy corporations are expanding their global footprint, with India increasingly in their sights. According to a new SBI Research report, these companies are leveraging their financial strength to dominate markets worldwide, reported IANS.
The Indian government, however, has made its position clear: there will be no trade deals under pressure or against the country’s core interests in farming, dairy, or small enterprises. “There is absolutely no chance of compromising on farmers, dairy and MSMEs, and no chance of allowing import of genetically-modified crops either,” government officials stressed.
Global Agribusiness Majors Already Established in India
The SBI Research report noted that several major US agribusiness players already operate in India. Cargill Inc., the world’s largest grain trader and the largest privately owned US company by revenue, has been active in the country since 1987. Its operations span food, ingredients, agricultural solutions and industrial products, generating Rs 13,850 crore in revenue during FY24. Globally, Cargill is present in over 70 countries, has around 60 subsidiaries, and employs 1,55,000 people.
Archer-Daniels-Midland Company (ADM), a major food processing and commodities trading firm, runs over 270 plants and 420 crop procurement facilities worldwide. In India since 2011, ADM operates in oilseeds, food and beverage ingredients, and animal nutrition. With 25 processing plants and 59 procurement centres in the Asia-Pacific, the company has about 38,000 employees globally and a presence in 200 countries.
