Global agribusiness and food major Bunge Limited plans to grow through a combination of acquisitions and alliances in India.
“We plan to invest about $200 to 300 million over the next five years,” Bunge’s regional GM-Asia, Christopher S White told FE after announcing the entry into the Rs 70,000 crore edible oil market.
The company, which operates in the country through its 100% subsidiary Bunge Agribusiness India, on Wednesday, extended the vanaspati brand Dalda to edible oils and launched it in five variants.
Elaborating, Mr White said the investments would be made in the form of acquisitions of brands, oil refineries, oilseed crushing facilities, business systems or even enhancement of capacities.
At the same time, Bunge was also keen on entering into strategic marketing alliances or simply licensing of (edible oil) brands, Mr White said.