The plans come as the Singapore government-owned investment firm becomes an increasingly important deal-maker in the sector globally. It has invested more than US$5 billion ($6.72 billion) in the agri-food industry in the past five years, backing fake-meat makers such as Impossible Foods Inc. and established giants like Bayer AG. as Singapore targets a strategic goal of getting 30% of its food requirements from local sources by 2030.
Temasek International Pte. is setting up a new vehicle to help accelerate and manage agricultural and food investments as part of a multi-billion dollar push into the market.
Anuj Maheshwari, managing director of Agribusiness, said the platform will have two main missions – to help agri-food portfolio companies build the operational capabilities needed to get products off the drawing board and into the market, and to help them build the manufacturing and production scale “to the next level.”
