October 1, 2008

Godrej Tyson announces expansion plans in India

Idnia's poultry processor Godrej Tyson Foods may open another 2 mechanised farms in the next 5 years to take advantage of the growing poultry market in the country.

The company will target annual revenue growth of 15 percent over the period.

Additionally, it aims to cash in on India's unorganised poultry market, which takes up 95 percent of the market. It would also tap on the packaged poultry product market, which is currently lacking in the country.

CEO Sadiq Malik said that the firm plans to add more brands, and hopes to add fully cooked products by 2010.