Jabs International, a government recognised Super Trading House, dealing in spices, oil seeds, raisins, herbs and other agro commodities, plans to invest Rs 200 crore in capital expenditure over the next five year period.
The company aims to execute the investment plan in various phases. In Phase-I it intends to invest Rs 35 crore.
Jabs International has acquired 50 acre of land, each at Unjha and Mundra in Gujarat, to set up ultra modern manufacturing and processing units with foreign technology.
The expansion plan will be funded through private equity and partnership offers from overseas players. Further, the company is also looking at raising funds through selling some of its land properties in Gujarat.
The company has two manufacturing units at Navi Mumbai. It also has one processing unit at Warangal in Andhra Pradesh.