Jabs International, a government recognised Super Trading House dealing in spices, oil seeds, raisins, herbs and other agro commodities, plans capital expenditure of Rs 200 crore over the next five-year period.
"We have acquired 50 acres each land in Unjha and Mundra in Gujarat to set up ultra modern manufacturing & processing units with foreign technology. We plan Rs 35 crore capital expenditure in first phase and total Rs 200 crore in the next five-year period," Jabs International Managing Director Bhaskar B Shah told PTI here.
The company plans to fund expansion through funding from private equity and partnership offers from overseas players, Shah said, adding that the company is also looking at raising funds through selling some of its land properties in Gujarat.
Jabs International has 2 state-of-the-art manufacturing units at Navi Mumbai. It has processing units at Mundra and Unjha and also has one processing unit at Warangal in Andhra Pradesh.
Jabs is the largest exporter of spices from India. We are dealing in spices, oil seeds, raisins, herbs and other agro commodities. Our annual export for 2012-13 stands at Rs 750 crore to 40 countries of the world, out of which 50 per cent is to USA, Shah said.
Commenting on future plans, Shah said they are now aiming Rs 1,000 crore exports in 2014-15 of which Rs 500 crore will come from US markets.
The company has recently bagged "Jewel of Navi Mumbai" award from Indian Merchants' Chamber (IMC) in Mumbai.
