In 1912, one man with a life savings of 75 cents turned a tea kiosk into one of the largest biscuit manufacturers in the country. With a third generation at the helm, Maliban talks of going public as it charts a course of new growth.
Exports are expected to lead that drive, with new markets mapped out in the Pacific Rim, Dubai, the Middle East, UK and one of the largest consuming markets, India.
rnA new Rs. 800 mn manufacturing facility is on the cards to meet that growth, Maliban Biscuits Chief Executive Officer, Keerthie Adasuriya said Tuesday.rn
rnldblquote We want to venture into exports in a large way and we are looking at moving into a Board Of Investment project for exports to selected new markets
rnThe US$ 990 mn (45 bn Indian Rupees) market in India endash about the largest biscuit eating country in the world, remains one of the biggest attractions.rn
rnThe company recently set up shop in the Chennai Trade Centre with small volumes in still early days, already tying up