Edible oil maker Ruchi Soya plans to foray into the ready-to-cook segment in India with the launch of new products.
The company's product portfolio includes Ruchi edible oil and Nutrela food brand.
Ruchi Soya is seeking to launch new breakfast cereals, tomato-based ketch-up and sauces as well as Indian snack products.
Ruchi Soya COO Satendra Aggarwal was quoted by The Hindu Business Line as saying, "We will be launching these products in the next one to two years. Some of them will be under Nutrela brand, but we will also be coming out with new brands."
The company is currently constructing a tomato processing plant in Maharashtra, as part of a joint venture with Japan's Kagome and Mitsui.
Aggarwal added, "The plant will be ready within a year. Initially, we will be offering processed tomato and later we will move into tomato-based food products."
Ruchi Soya offers edible oils, vanaspati, bakery fats, and soya food, including soya chunks, granules, and soya flour products.
