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Norway’s Orkla recasts India business for bigger play in spice market
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₹2,200 crore, in terms of size. We’ve been working on transformation and integration of Eastern into our business," he said.
India’s branded spices market is set to touch ₹50,000 crore by 2025. Branded spices will make up half of the spices sold in the country, according to a 2021 paper by investment bank Avendus Capital.
Sharma said parent Orkla continues to scout for acquisition opportunities in India. “We are perpetually on the lookout for more M&A opportunities.
If we can build a basket of brands, it will be a good direction for us. Building scale is the next big task for us—both organically and inorganically." Mergers and acquisitions in the sector has gained momentum."Exciting news! Mint is now on WhatsApp Channels
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