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Our Bureau

Hyderabad, April 1

Eyeing a bigger pie in the Rs 2,000-crore packaged water market in the country, Sabols Foods India Pvt Ltd, the Coimbatore-based company, has decided to invest Rs 25 crore in the next two years to set up production facilities in States such as Karnataka, Kerala Maharashtra and Goa.

Addressing a press conference here on Tuesday, Mr Senthil K.M., Chairman of Sabols, said the company would seek funds from the banks and financial institutions to pool up resources for the expansion plan.

The company claimed that it had a share of 25 per cent in the Tamil Nadu market, considered to be the biggest for packaged drinking water.

The expansion plan also included foraying into juices segment. To begin with, it would launch Mango Magic this month. “We will also come out with noodles, biscuits, chocolates and pickles,” he said.

In Andhra Pradesh, the company would take the franchise route for its bottling needs.

“We will rope in players in Hyderabad, Vijayawada, Visakhapatnam and Nellore,” he said.

The company registered a turnover of Rs 12 crore in 2007-08.

More Stories on : Outlook | Foods & Food Processing | Andhra Pradesh

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