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Bikanervala to invest 250 crore on expansion

Packed snacks and food chain, Bikanervala will invest up to Rs 250 crore over three years to open more restaurants and increasing production capacity. Suresh Goel, CEO, Bikanervala Foods Pvt Ltd, said: “We are expanding very fast and we will invest up to Rs 250 crore by 2015 to increase our production capacity and to open our restaurants. We plan to open our restaurants in other parts of the country. Currently, we are mostly operating in north India. New restaurants will be a mix of company-owned and franchise outlets. Every year, we will add 10-12 new restaurants.”

The company plans to invest up to Rs 150 crore in adding 60 new restaurants spread across the country. It already has 40 restaurants in India, spread across north India, Ahmedabad and Hyderabad. The rest, Rs 100 crore, will be utilised in ramping up production capacity at a plant in Haryana. It will also set up a new plant that is expected to come in Greater Noida.

Goel further added: “We expect about 25-30 per cent growth in packed food business and about 15 per cent growth in restaurant business.”

Source:FRANCHISE INDIA.COM