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| ETG Agro plans to invest Rs 100 cr for pulses plants |
| Vimukt Dave / Mumbai/ Rajkot Feb 23, 2012, 00:13 IST |
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ETG Agro Limited, a joint venture company of Tanzania-based Export Trading Group (ETG) and Coronation Group of Mumbai, has laid out ambitious plans for investing Rs 100 crore in India for pulses processing. The company would soon start two processing units each in Gujarat and Maharashtra.
"We will set up two processing units in India during this year and four units will start over the next two years. The company has plans to invest Rs 100 crore in India," said Vijay Doshi, managing director of ETG Agro.
So far company has invested about Rs 15-20 crore towards setting up these plants.
Adding further he said, "Company already operates a wheat processing unit at Nadiad in Gujarat since 2009. The two pulses processing units will be set up at Khapoli in Maharashtra and Vasad in Gujarat. The other four plants would be set up in East and South India."
"As demand for African pulses, mainly tur daal, has increased in India, we have decided to expand our operations here," said Doshi.
In 2011, Africa's pulses exports to India was 350,000 tonnes, of which tur accounted for nearly 190,000 tones.
According to Doshi, India’s pulses import from Africa will increase to 600,000 tones by 2015.
The plant to be located in Gujarat will have production capacity of around 8 tonnes per hour, while that in Maharashtra will have the capacity of about 20 tones per hour.
The company will import pulses like chana and tur from Malawi, Mozambic, Arusha in Tanzania of East Africa.
Doshi said, "We have also planned to launch our own tur daal brand under the name of 'Naturz' in Indian market by the end of this year."
"Pulses production in Africa is continuously growing. It will become the largest supplier of tur to India in next few years," Ketan Patel, the managing director of Export Trading Group had said on the sidelines of an industry event Global Pulses Conclave held in Mumbai recently.
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