Bangkok, Jul 12 (UNI) Thailand's biggest food processing business, Charoen Pokphand (CP) Group, is preparing to expand its operations in India with two more animal feed plants to be set up in Assam and Gujarat.
The company, which has so far invested 60 million dollars in two feed plants in India employing 400 people, will set up two more such facilities later this year or early 2009, a senior company official said here.
CP will invest 10 million dollars in the Assam feed plant, senior vice-president of the company Pinij Kungvankij, who is also vice-president CP Aquaculture (India) said.
The second plant will produce shrimp feed and will be set up in Gujarat. The exact location and investment are still to be decided.
''Indians have been changing their lifestyle with many more people starting to prefer dining out. Ready-to-eat food and consumer electronics such as televisions and washing machines are now in high demand" the CP official said.
Mr Pinij, however, cited delays in customs clearance and regulations, and trucking and port labour strikes as impediments to business in India.
UNI XC MIR VC1045