Godrej Industries is looking for acquisitions in emerging countries including China and Brazil in the hair colour and household insecticide segment."We are looking at expanding our core business of hair colour and household insecticides in emerging markets like Brazil, China and some African countries including Nigeria for acquisition opportunities in these markets," Adi Godrej,chairman Godrej Group, said on the sidelines of the India Economic Summit.Earlier, the Godrej group had acquired companies in UK and South Africa. About 25% of the revenues in the FMCG goods segment are coming from the export market.Godrej said the FMCG market has been growing at 15% and the company expects to better the industry growth, he however, said increasing input costs such as packaging and freight cost have forced the FMCG companies to hike prices of products. The company had already increased its soap prices earlier.However, he declined to comment on similar price hike in other segments.The group is intensifying its focus on real estate through group company Godrej Properties."We are developing about 20 million square feet of properties including Maharashtra, Hyderabad and Bangalore and several have been completed," he said.
