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Rabo Bank's arm likely to invest in agri ventures in Maharashtra

Rabo India Finance Limited, 75 per cent subsidiary of Rabo Bank Netherland, has agreed to consider taking up ten projects in Maharashtra to be offered by the state government at the Agro Advantage, a global investors convention that opens on Friday in Bombay.

According to Rabo Bank Managing Director Hans Hannaart, each project entails investment of less than $ 5 million. Ventures are planned for banana processing, comprehensive goat project, food and vegetable processing and integrated poultry and milk-processing plant.

RIFL with an equity capital Rs 1.06 billion will focus mainly in food and agro-based industry and healthcare. It provides the inter spectrum of fund-based and fee-based financial service projects that include joint venture advisory service, corporate restructuring, merger and acquisition finance, commodity trade finance, syndication of debt and equity, strategic and private equity investment.

Hannaart said that the bank will make efforts to bring in more foreign participation. It would also help in developing food distribution and storage chains across the country.

UNI

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