Lehman Brothers bullish on food industry, its supply chain
Sounding bullish on food industries and its supply chain, Lehman Brothers said the market for the same would grow tremendously in the next few years. Online branding
By PTI |
MUMBAI: Sounding bullish on food industries and its supply chain, global major Lehman Brothers on Monday said the market for the same would grow tremendously in the next few years.
"I am bullish on the food chain, plantation, herbicides and bio-seed technology to increase harvest yields, transportation, refrigeration and on the entire food supply chain," Lehman Brothers' Senior Vice-President Paul Schulte told reporters here today.
The market is going to dramatically change in the next few years and a lot of emphasis would be given to food industries and their supply chain, he said.
| | | Also Read |
| | �� | |
| | �� | |
| | �� | |
| | �� |
Commenting on India, he said the country was a relatively better country for investment as it had a phenomenal arable land base that could be used for bringing about a revolution in agriculture.
"India is a bright spot and a relatively better country for us, as we need to have explosions in terms of agricultural stock," Schulte said.
Speaking about inflation globally, he said "inflation across the globe is not due to equities but due to pressure on commodities, shortage of food and oil. The issue of food is very crucial and will continue for sometime".
Indian corporates have too much cash and they must invest in tangible assets to check inflation, he said.
Asked about the US sub-prime crisis and its impact on Asian and Indian economies, he said it "has nothing to do with Indian and Asian banks."
ADVERTISEMENT
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
