"We are looking at five-year basis. We expect turnover of USD 200 million over the five years," A Mahendran, Chairman and Managing Director, Global CP told reporters.
Global Consumer Products, which today launched chocolate under the brand LuvIt, is set to foray into the FMCG market with product offerings in confectionery, beverages and snacks.
The company will foray into beverages segment including fruit juice, water packaging, packaged tea and coffee, in the next couple of months, he said, adding "We will start with fruit juices."
"We have three dedicated (contract) manufacturers--two in Hyderabad and one in Mangalore. Depending on market, we may go for another two in Kerala and Tamil Nadu," he said, adding that "investment will be aggressive and as per need".