Total Produce’s venture partner in India has confirmed that the business is looking to open 50 fruit and vegetable distribution centres in the country by 2012.
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Tata Chemicals, which formed the Khetse Agriproduce venture with Ireland’s Total Produce in February, has earmarked investment of over EUR120m (US$177m) during the next five years.
A report in the Irish Independent yesterday (28 November) detailed plans outlined by Tata Chemicals chief executive Homi Krusrokhan, who confirmed that the network was on-track to be set up by 2012.
The venture’s first distribution centre is set to open in Punjab next April. The 50 outlets are projected to cost EUR2.5m each, the report said.
Total Produce, Europe’s largest fresh produce provider, was coy on the plans for the venture.
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By GlobalData“It’s a very interesting joint venture that we think has tremendous potential but we have to wait and see how it builds up,” a spokesman for the company told just-food today.
