Dabur Foods to pump Rs 100 cr
Dabur Foods Ltd, has lined up a total investment of Rs 100 crore and a business turnover of Rs 500 crore by 2010.india Updated: May 31, 2006 16:16 IST
Dabur Foods Ltd, a wholly owned subsidiary of Dabur India, has lined up a total investment of Rs 100 crore and a business turnover of Rs 500 crore by 2010.
"The vision 2010 has been formulated in order to become a leading integrated player in the fruit processing industry," Dabur Foods CEO Amit Burman said.
"We have chalked out a 5-point strategy to achive Rs 500 crore turnover by 2010 and toward this we will need an investment of Rs 100 crore over the said period," he added.
Out of the total proposed investment, almost 50 per cent would be made at the Siliguri fruit processing unit that currently deals with pineapple processing for export. Already Rs 25 crore has already been invested.
"Besides upgrading the facility, we are planning a packaging unit here," Burman said.
The company is also planning to set up a packaging unit at the West Bengal facility to manage cross-country political risks.
Dabur Foods does all its packaging activity in Nepal, close to Indian border to get custom duty benefit in packaging and import of juice concentrate which is around 37.5 per cent.
Dabur Foods may also set up a new fruit processing plant in South India at a suitable time.
The company, which was experiencing a compounded growth of 39 per cent during the past five years, is targeting a topline of Rs 250 crore during the current fiscal against Rs 191 crore during 2005-06.