Indian Hotels aims food revenue up to $1.2 bn

Follow Prabhjot Bedi on Twitter Indian Hotels Co Ltd is aiming at revenues of Rs 40-50 billion ($985 mn-$1.2 bn) from processed foods as it expands its presence in this fast-growing area, a senior company official said on Tuesday.

Indian Hotels arm Residency Foods and Beverages Ltd recently completed acquisition of a 70 per cent stake in Innovative Foods Ltd for an undisclosed sum, and has also entered a sourcing agreement with Jasper Aqua Exports Pvt Ltd.


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