Temasek Invests in India-based StarAgri
Singapore’s Temasek Holdings is investing 2.4 Billion INR (US$ 40 million) in India-based Star Agriwarehousing and Collateral Management Limited (StarAgri) for a minority stake. StarAgri started in Rajasthan, the largest state in India by land. The company focuses on agricultural commodities providing warehousing, logistical services and collateral management.
StarAgri was founded in 2004 by Suresh Goyal, Amit Mundawala, Amith Agarwal and Amit Khandelwal.
In December 2012, Temasek Holdings invested 5.72 billion INR for a 19.9% stake in Godrej Agrovet Limited, a subsidiary of Godrej Industries. Godrej Agrovet Limited is an India-based agri-business.
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