|
|
|
You can get e-magazine links on WhatsApp. Click here
|
|
|
|
|
|
Wave Group & Agristo NV to expand potato processing in UP
|
|
Friday, 07 March, 2025, 08 : 00 AM [IST]
|
|
Our Bureau, New Delhi
|
Wave Group and Belgium's Agristo NV will invest around Rs 750 crore to expand their potato processing plant in Uttar Pradesh to make premium french fries, amid rising global demand for processed food.
In 2019, Wave Group firm Masa Global Food and Agristo's subsidiary firm IMSTO NV, Belgium had formed a 50:50 joint venture firm to establish a potato processing plant at Bijnor to make dehydrated potato flakes. The name of the joint venture firm is Agristo Masa. The plant started operations in 2022 with an annual capacity of 7,500 tonne.
The total investment on this expansion will be around Rs 750 crore, which will be financed through equity and debt. The joint venture had invested around Rs 300 crore on setting up the existing plant, taking the total investment commitment to more than Rs 1,000 crore.
|
|
|
|
|
|
|
|
|
|