French food company Groupe Danone has shortlisted acquisition targets in the Indian bottled water market, including DS Group’s Catch and Sheelpe Enterprises’ Aava.
Danone, which also imports its Evian water brand in India, has been reported to be keen on increasing its presence in the beverages and dairy business in India, which are growing quickly on the back of rising incomes and the expansion of modern trade.
Danone has a stake in India’s top biscuit maker Britannia Industries Ltd.
PepsiCo Inc.’s Aquafina, Mount Everest Mineral Water’s Himalayan and Coca-Cola’s Kinley also compete in the market for bottled water, which is estimated at Rs20 billion.
No comments:
Post a Comment