Innovative Foods Ltd (IFL) has announced setting up a new manufacturing plant in Chittoor district of Andhra Pradesh.
The company, which now has its own full-fledged manufacturing unit in Kochi, is eyeing to double its turnover to about Rs 200 crore over the next two years in frozen food segment.
Speaking to reporters, IFL Vice President (Sales and Marketing) Saurabh Kumar, said, “We are now setting up a new facility in Chittoor in Andhra Pradesh which will come up in next five to six months and we look to start commercial production over the next two quarters.”
He added: “We look to exit this fiscal with a turnover of Rs 100 crore. Over the last two years we have doubled the business and again over the next two years the target is to further double the turnover to about Rs 200 crore.”
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