DCPL to launch table olives soon

By Staff
|
Google Oneindia News

New Delhi, June 22 (UNI) Olive oil industry player Dalmia Continental Private Ltd (DCPL) today said it will soon launch table olives in view of the rising demand for olives and success of olive oil in the country.

Talking to UNI, company President and Chief Executive Officer Narayan Rajagopalan said, ''In about eight weeks time, we will launch table olives. The market for these exists in Europe and the US and we are sure the product will be well appreciated in our country too.'' The company also launched Leonardo Hazelnuts here today.

DCPL is currently in the olive oil sector, with Leonardo Olive Oil and has 25-30 per cent share in the edible oil segment.

The olive oil sector is expected to generate a revenue of Rs 100 crore this fiscal with a share of Rs 67 crore of the edible segment. The growth in consumption is expected to grow by 54 per cent this fiscal with an 88 per cent growth in the edible oil segemnt and a 21 per cent increase in the non-edible segment.

The company currently imports the oil from Italy and expects sales worth Rs 8.5 crore and a sale of 350 tonnes this fiscal.

''We want the country to switch to a healthier lifestyle and we would organise consumer awareness programmes to sensitise the public to using olive as a healthier option,'' he added.

UNI

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