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NEWS | Del Monte Foods taps Maldives market; plans to export products to Sri Lanka, Ne

Del Monte Foods Business, a FieldFresh Foods Pvt Ltd group company, has started exporting beverage and culinary products to Maldives. The company also plans to export their products to the neighbouring countries such as Nepal,
Bangladesh and Sri Lanka. Speaking to FnB News, Yogesh Bellani, Business Head, Del Monte Foods Business, said, "Our products are manufactured at a state-of-the-art facilty at Hosur, Tamil Nadu, set up at an investment of Rs 127 crore. We expect exports to contribute between 5-7 per cent of our topline and would be happy to serve the SAARC countries with our brands of beverages and processed foods." Del Monte Foods Business manufactures fruit drinks in cans and PET bottles at their Hosur plant. "While the North and West are the biggest markets for the company, we also intend to enhance our visibility in Southern India, especially with our beverages in PET bottles," said Bellani. Having witnessed a phenomenal rise in the consumption of Italian cuisine both in and out of home, Del Monte has developed specific products and SKUs which will work as innovative solutions for their B2B partners. With growing aspiration for high-quality branded products and increased awareness and interest in international cuisines, the company expects a growth across its SKUs, such as the Italian range, culinary sauces and emulsions, beverages etc. On the basis of the demand, we may launch more products in the future. The company's supply strength now rests on three pillars; namely domestic manufacturing from Hosur facility; sourcing from the worldwide network of Del Monte and selecting third-party manufacturing tie-ups to utilise geographical or logistical advantages. The research facility at the plant supports and encourages customisation and innovation for business to business customers. To meet B2B requirements the facility enables the company to create innovative and customised products to provide solutions to meet the ever-challenging demands and requirements of its B2B customers. Apart from producing innovative consumer products, the facility is designed to give brand Del Monte greater flexibility and responsiveness in meeting ever-evolving needs of B2B customers like hotels, restaurants and catering clients, airlines and modern retail. Bellani stated, "This year we plan to further strengthen our presence in modern trade channel. We have received an excellent response for products such as beverages, pasta, etc. Our partners in the B2B category have given us a very encouraging response across product offerings such as Italian, culinary sauces, mayonnaise and mayo derivatives. Our B2B business today contributes approximately to 50 per cent of our topline revenues. We have been focusing on providing customised solutions to meet the ever-changing and challenging requirements of our customers in several segments like quick service restaurants (QSR), low-cost airlines, cafes, etc."

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