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Cremica Food to invest Rs 150 cr in capacity expansion

Tuesday, 17 Feb 2015
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Cremica Food Industries plans to invest Rs 150 crore in the next two-three years for capacity expansion.

The company is set to build a new plant in Western India next fiscal. It is also investing in a food park coming up in Himachal Pradesh. Cremica already has two factories in Punjab and Delhi.

The company also plans to expand its retail presence. The plan is to increase their retail presence from about 20,000 outlets to 200,000 outlets in the next few years.

Cremica Food is in talks with private equity players to raise about Rs 120 crore to ramp up its distribution nationwide.

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