India’s Britannia Industries to Go Global
Bakery and dairy product maker Britannia Industries headquartered in Bangalore, India, is planning to expand its presence in overseas markets, reports moneycontrol.
“It’s our vision to make Britannia not just an Indian food company but a global food company. We want our footprint across the globe and have made some move across that direction and a lot more would be coming in future,” said managing director Varun Berry.
The company aims to double its revenue of $1.2 billion, for FY 2015-2016, in the next four to five years. Britannia products are currently available in 70 countries across the globe but its manufacturing activities are located in India and the Middle East only. The company is setting up an additional manufacturing plant in Gujarat‘s Export Zone.
In November, Britannia inaugurated its new R&D center at Bangalore, in which it has invested $33 million.