Blumberg Grain Visits India With An Eye Towards Adding Value to the Country's Ongoing Food Security Initiatives

Blumberg Grain senior executives are arriving in India this week for meetings on food security needs in the public and private sectors.
The Future of Food Security Is Here

The company will also be participating in official business and industry events on January 26th held in honor of visiting U.S. President Barack Obama, and hosted by the U.S.-India Business Council, an arm of the US Chamber of Commerce.

Chairman and CEO, Philip Blumberg, accompanied by senior executives of the US based agribusiness company, will also be evaluating opportunities in India for partnering with Indian companies as well as investing in food processing, manufacturing, and opportunities to establish food security operations in India to reduce post harvest losses, currently estimated at over 50%, to under 5% utilizing Blumberg Grain's state of the art technology and storage systems.

Blumberg Grain's food security technologies and solutions are increasingly taking hold among emerging agricultural economies. The Company was recently selected to develop Egypt's new grain storage infrastructure, which comprises 93 sites across Egypt, and enables primary processing of 3.7 million metric tons of wheat per year across a platform of 3.6 million square feet of storage space. That project will be one of the world's largest integrated food security systems for grain storage. Blumberg is also providing cold chain storage for produce and perishable storage for the Nigerian government, which is anticipated to ultimately comprise the largest cold chain infrastructure on the continent.

Philip Blumberg Chairman and CEO, commented, "Though we have considered investments in India previously, the determination of the Modi Administration to address food security and improve agriculture, combined with President Modi's 'Make in India' initiative, is very aligned with our objectives. We will be evaluating opportunities to manufacture our food security systems and storage in India for domestic use and for export. We are looking forward to meetings with government officials as well as major Indian companies regarding joint-venture/partnership to enter the India market. At the end of the day, we believe that India provides numerous win-win opportunities for our company, Indian agriculture and the Indian people as a whole."

About Blumberg Grain
Blumberg Grain is a leading global food security company, providing harvest protection systems and technology. Blumberg Grain's fully integrated crop and food security systems can reduce post-harvest losses of grain, produce, and other perishables to 5% or less. Blumberg Grain works with private companies and countries to modernize agricultural value chains, increase the quality and marketable output of their harvests, enable efficient market timing, and significantly boost exports of agriculture products. For more information, please visit www.blumberggrain.com.

Expanded $4B US Green Building Program

Former President Bill Clinton and President Barack Obama announced this month that the Better Buildings Challenge has made significant progress, including a $4 billion investment to be used for energy upgrades to buildings over the next two hears. Of the $4 billion, half of the money is a commitment to energy upgrades of federal buildings using long-term energy savings to pay for up-front costs at no cost to taxpayers.

"Upgrading the energy efficiency of America's buildings is one of the fastest, easiest, and cheapest ways to save money, cut down on harmful pollution, and create good jobs right now. But we can't wait for Congress to act. So today, I'm directing all federal agencies to make at least $2 billion worth of energy efficiency upgrades over the next 2 years – at no up-front cost to the taxpayer. Coupled with today's extraordinary private sector commitments of $2 billion to upgrade businesses, factories, and military housing, America is taking another big step towards the competitive, clean energy economy it will take to win the future," said President Obama.

"Investments in building retrofits and energy efficiency can make a real difference in the American economy, by creating jobs, growing our industries, improving businesses' bottom lines, reducing our energy bills and consumption, and preserving our planet for future generations," said President Clinton. "I am proud the Clinton Foundation has been able to help develop and grow President Obama's Better Buildings Challenge, and that so many members of the Clinton Global Initiative (CGI) have joined this Challenge. Working together, I am pleased the commitments to the BBC have grown from the initial $500 million and 300 million square feet that we announced in June at CGI America, to the $2 billion investment with over 1 billion square feet of retrofitted space that we are announcing today."

"The Better Buildings initiative has all the components to make a real difference-it will create profitable investment opportunities for worker pension funds, create badly needed good jobs, increase America's competitiveness around energy savings, and address the dangers of climate change," said AFL-CIO President Richard Trumka.

For more news and information visit Blumberg Capital Partners.