.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent risk in Ujjain-based snack foods and frozen foods items business Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Expenditure will definitely make it possible for Bikaji to enrich its frosted food items production capacities and also broaden its market visibility, it stated." This key relocation certainly not just reinforces our capability for export growth but also assists our access in to the QSR section. By incorporating Ariba's modern manufacturing capacities, our team intend to boost our frozen snacks and savouries creating," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and also offers a selection of snack foods as well as frosted foods items including samosas, naans, parathas, as well as sweets under the InDine brand. The firm also offers contract manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement marks an impressive landmark for Ariba Foods. Along with our sophisticated manufacturing locations and export knowledge, our team are actually well-positioned to satisfy Bikaji's production needs. Our calculated site as well as state-of-the-art manufacturing capabilities are going to enable us to drive considerable growth in the frosted food items type together." Intense Softshare worked as the syndicator and also specialist for the package.
Posted On Aug 23, 2024 at 02:25 PM IST.
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