LT Foods Ltd approved a ₹60 million capex to establish a new manufacturing unit in Karnataka. The facility will enhance rice processing and packaging, improve logistics, and support domestic and export markets. The investment strengthens LT Foods’ growth strategy, reinforcing its position in India’s food processing and global supply chain.
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LT Foods Ltd, a leading global player in the rice and food processing industry, has announced plans to invest an estimated ₹60 million in setting up a new manufacturing facility in Karnataka. The move underscores the company’s strategy to expand its production footprint and strengthen supply chain efficiency in southern India.
Investment Details
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LT Foods has earmarked ₹60 million in capital expenditure (capex) for the project.
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The investment reflects the company’s focus on scaling operations and meeting rising consumer demand.
Facility Purpose
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The Karnataka unit will enhance LT Foods’ ability to process and package rice and allied food products.
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The location is expected to improve logistics, reduce distribution costs, and cater to both domestic and export markets.
Strategic Impact
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The expansion aligns with LT Foods’ long-term growth plan, which emphasizes regional manufacturing hubs to boost efficiency.
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Analysts view the move as a step toward consolidating LT Foods’ position in India’s competitive food processing sector while supporting its global ambitions.
This development highlights LT Foods’ proactive approach to capacity building and its commitment to delivering quality products across diverse markets.
Sources: Business Standard, Economic Times, Moneycontrol
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