{"id":60318,"date":"2025-09-15T13:52:57","date_gmt":"2025-09-15T08:22:57","guid":{"rendered":"https:\/\/northwestnewstimes.com\/index.php\/2025\/09\/15\/platinum-crest-agro-ventures-to-build-zimbabwes-largest-sugar-mill-with-usd-170-million-investment\/"},"modified":"2025-09-15T13:52:57","modified_gmt":"2025-09-15T08:22:57","slug":"platinum-crest-agro-ventures-to-build-zimbabwes-largest-sugar-mill-with-usd-170-million-investment","status":"publish","type":"post","link":"https:\/\/northwestnewstimes.com\/index.php\/2025\/09\/15\/platinum-crest-agro-ventures-to-build-zimbabwes-largest-sugar-mill-with-usd-170-million-investment\/","title":{"rendered":"Platinum Crest Agro Ventures to Build Zimbabwe\u2019s Largest Sugar Mill with USD 170 Million Investment"},"content":{"rendered":"<div>\n<p><b>New Delhi [India], September 15:<\/b><span style=\"font-weight: 400;\"> In a landmark move to strengthen India\u2013Africa cooperation in agriculture and trade, Indian enterprise Platinum Crest Agro Ventures Pvt. Ltd. has signed a Letter of Intent (LOI) with the Government of Zimbabwe to establish the country\u2019s largest and most advanced integrated sugar complex. The project, with an investment commitment of US$ 170 million, marks a new chapter in bilateral collaboration.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The signing took place during the India\u2013Africa Summit at the Taj Palace Hotel in New Delhi, in the distinguished presence of His Excellency Dr. Constantino Chiwenga, Vice President of the Republic of Zimbabwe, along with Her Excellency Stella Nkomo, Zimbabwe\u2019s Ambassador to India, and senior Zimbabwean ministers. Representing Platinum Crest Agro Ventures were directors Mr. Ritesh Kulkarni, Mr. Sudesh Gavhane, Mr. Nitin Kadam, and Mr. A. Patel.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The project is poised to deliver transformative benefits to Zimbabwe\u2019s economy and people. Key highlights include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A 3,500 TCD sugar plant, expandable up to 10,000 TCD, ranking among Zimbabwe\u2019s largest facilities.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A 60 KLPD ethanol distillery, scalable to 150 KLPD, advancing ethanol blending and export potential.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">20 MW cogeneration and 5 MW solar power capacity, ensuring a fully renewable energy footprint and enhancing energy security.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Employment generation with 1,500 direct jobs and approximately 15,000 indirect jobs, fostering rural development.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Outgrower schemes for thousands of farmers, enabling inclusive growth and prosperity.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Positioning Zimbabwe as a regional export hub for SADC and COMESA markets, boosting trade competitiveness.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This integrated agro-industrial project is expected to be a flagship model of India\u2013Zimbabwe partnership, aligning with Hon\u2019ble Prime Minister Shri Narendra Modi ji\u2019s vision of deepening India\u2019s engagement with Africa across agriculture, renewable energy, and sustainable trade.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By combining cutting-edge technology, farmer participation, and renewable energy solutions, the sugar complex will not only uplift Zimbabwe\u2019s rural economy but also serve as a benchmark of South\u2013South cooperation.<\/span><\/p>\n<p><em>If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi [India], September 15: In a landmark move to strengthen India\u2013Africa cooperation in agriculture and trade, Indian enterprise Platinum Crest Agro Ventures Pvt. Ltd. has signed a Letter of Intent (LOI) with the Government of Zimbabwe to establish the country\u2019s largest and most advanced integrated sugar complex. The project, with an investment commitment of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":60319,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1343],"class_list":["post-60318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/60318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=60318"}],"version-history":[{"count":0,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/60318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/media\/60319"}],"wp:attachment":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=60318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=60318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=60318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}