CG Foods Is Looking For Acquisitions In India And Also Plans To Invest Rs.100 Crore In Building Factories.

Wai-Wai-Noodles1CG Foods, a division of the Cinnovation Group from Singapore, said it will invest Rs.100 crore over the next three years to enlarge its manufacturing capacity in India.

Nirvana Chaudhary, The managing director of CG Foods, said that ‘We plan to set up two new manufacturing plants in India this year and also expand the existing plants. By 2014, we will be investing Rs.100 core in India,’ CG Foods manufactures Wai Wai noodles which is a very popular brand. They plan to build a factory at Rudrapur in Uttarakhand, investing Rs.20 crore next month. At the end of 2011, they plan to build a second plant in Gujarat.

‘We are also looking for acquisition opportunities, especially to expand our business in southern and western parts of India,’ Chaudhary said. In addition, CG Foods is prepared to spend up to RS.1,000 Crore to strengthen its position in India, primarily through acquisitions.

Thakral Sets New Strategy For Real Estate Business

Thakral Corporation will partner as a financial investor with with developers to implement its new strategy for its real estate business.
In its filing with the Singapore Exchange, the company wrote that as a capital investor, it seeks to invest in affordable mid-sized residential developments located in cities in Asia Pacific and Australia.

Thakral indicated that its new strategy will generate a second revenue stream for the company.

The firm is seeking returns of 15 to 25 per cent, with an exit strategy in 12 to 36 months.

Mr Singh said, “We will receive our returns and capital when the projects are completed and all units already pre-sold to buyers are settled.”

Thakral already owns commercial and residential property holdings in Hong Kong and China.

In addition to real estate, Thakral also distributes consumer electronic products in Singapore, India, China and Japan.