Seven Group is looking at new sectors such as agribusiness and water for growth as the group weathers a downturn in mining services which will see it cut 1000 staff from its Westrac business this year. ''We've been given the remit from the chairman to take a look at growing (Seven Group)'', the company's chief executive, Don Voelte told reporters after its shareholder meeting in Sydney today. ''Our executive team is actively looking at, analysing and negotiating new organic or acquisition targets associated with industrial services, energy, food and water,'' he said at the meeting. Seven Group has a wide range of interests including a 35 per cent stake in media group Seven West Media and an extensive share portfolio. Mr Voelte said the company's plan is to use the current downturn to make its existing businesses better and use its strong cash flow to ''add to that portfolio with profitable and growth businesses of the future'' which fit with its core competencies.