Friday, January 20, 2017
SNACKS & CONFECTIONERY
Bikano to increase production capacity to 230 MT by adding mfg facility
Saturday, 07 January, 2017, 08 : 00 AM [IST]
Our Bureau, New Delhi
In a bid to tap a major chunk of the business in India’s food and beverage segment, processed food major Bikano has chalked out plans to increase its production capacity to over 230 metric tons (MT) by adding a 50 MT per day manufacturing facility in its existing units.
The company has also set aside an investment of Rs 40 crore to fund modern machines and technologies to augment additional production capacity.
Manish Aggarwal, director, Bikanervala Foods Pvt Ltd, said, “We are happy to announce that our plants will now be able to produce 230 MT of products per day in order to meet the increasing demand from our customers.”
“Bikano has always been one of the most preferred brands in the processed food industry. We are expanding our manufacturing capacity in order to serve more people in India,” he added.
“The proposed plan is a part of the company’s ongoing investment to expand. The plan will incur an investment of about Rs 40 crore with modern machines and technologies,” Aggarwal said.
At present, Bikano has three manufacturing plants. They are in Delhi, Greater Noida (Uttar Pradesh) and Rai (Haryana), and have a total production capacity of 184 metric tons per day. They serve 130 outlets, most of which are in Delhi and the National Capital Region (NCR).
It is growing at the rate of 25 per cent per annum, and claims that it will reach the Rs 1,000-crore mark by financial year 2019.
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