Himalaya International plans to foray into the fancy food segment by entering
into formal agreement with a US company for technology transfer and product
development suited for Indian palate and climate.
A plant is being set up at 32 acre plot, 120 km from Delhi airport on NH-8 at
an outlay of $25 million (approx Rs 122.50 crore).
The plant will process almonds, berry fruits and cereal bars, high end
confectionery and functional foods.
The plant shall be imported from USA. Himalaya shall import almonds and dried
berry fruits from California, USA. The company is expected to do contract farming
for oats in Rajasthan and Gujarat which is the basic ingredient for healthy,
high fibre cereals and bars.
At full capacity, the plant is likely to produce 100 million snack bars and
processing 7,000 tonne of almonds and berry fruits.
Also See:
Himalya
International gets nod for land transfer (08-Aug-09)