India, March 17 -- The plant will produce starch derivatives to serve the confectionery, infant formula and dairy industries

Catering to the growing demand from India's confectionery, infant formula, and dairy sectors, Cargill inaugurated a new corn milling plant in Gwalior, Madhya Pradesh, set up by Saatvik Agro Processors, an Indian manufacturer.

With a combined market value of $15 billion, these sectors are witnessing high annual compounded growth rates of between 6 and 11 per cent over the next five years, leading to increased demand for starch derivatives which are used as a thickening or stabilising agents to achieve desired texture, viscosity and mouthfeel in consumer products like gummies, jellies, fillings, yoghurt, cheese, pro...