Trade Resources Company News Saraf Expand Its Production Capacity to Cater to The Increasing Consumer Demand

Saraf Expand Its Production Capacity to Cater to The Increasing Consumer Demand

India-based freeze dried food firm Saraf Foods has announced plans to expand its production capacity by 50%, in a move to cater to the increasing consumer demand for ready-to-eat foods.

Saraf Foods to Expand Production Capacity by 50%

As part of the expansion, the company plans to invest around INR150m ($2.44m) at its plant in Vadodara, Gujarat.

The investment will increase the production capacity to 11 tons per day from the current 7.5 tons at the plant.

The company, which generates INR240m ($3.91m) in annual sales, plans to increase its turnover by 10 times over the next four years.

Saraf Foods currently produces a wide range of freeze-dried products including sweet corn, green peas, onion, banana and green peppercorn.

Of the total production, the company exports more than 60% to markets such as US and Europe.

Mauritius-based PE Fund DSG Consumer Partners had recently acquired 29% stake in the company.

Image: Saraf Foods produces sweet corn, green peas, onion, banana and green peppercorn. Photo: courtesy of adamr / FreeDigitalPhotos.net.

Source: http://www.food-business-review.com/news/saraf-foods-to-expand-production-capacity-by-50-071114-4431709
Contribute Copyright Policy
Saraf Foods to Expand Production Capacity by 50%