Sabols plans Rs 20 crore investment

Hyderabad, Apr 1 (UNI) Coimbatore-based packaged drinking water makers Sabols is planning an investment of Rs 20 crore in the next year to enhance its portfolio with fruit and carbonated drinks.

Talking to newspersons here today, Company Chairman K M Senthil said the company would enter Andhra Pradesh and would soon launch fruit drink in the state.

He said the company was mulling to launch FMCG products, which included noodles, biscuits, chocolates and other ready to eat food.

''At least four FMCG products will be launched in 2008. To raise capital, we have tied up with private equity partners in Canada and Australia,'' Mr Senthil said adding the company targeted a business of Rs 36 crore in this fiscal compared to Rs 13 crore in 2007-2008.

UNI DB AJ 2119