Future Consumer has received an approval to enter into a 50:50 joint venture (JV) arrangement with Bin Ablan Foods Industry, a UAE based manufacturer of packaged premium bakery products, for undertaking the business of manufacturing cupcakes, pound cakes, muffins and other bakery products in India and for that purpose to make investment in the joint venture company, subject to such further consents and approvals that may be required. The board of directors at its meeting held on August 14, 2017 has approved for the same.
The board also approved to enter into a 50:50 joint venture arrangement with E. K. Sons Agro Foods, one of the leading manufacturer and distributor of wheat and other specialty foods in India and abroad under their flagship brand ‘Dilkush’ for undertaking the business of manufacturing, marketing, sales, sourcing and distribution of Wheat products, Maida, Sooji, Whole Wheat Atta and Bran and for that purpose to make investment in the joint venture company, subject to such further consents and approvals that may be required.
Future Consumer (formerly Future Consumer Enterprise) is a holding company. It is a food company, which is engaged in branding, marketing, sourcing, manufacturing and distribution of fast moving consumer goods, food and processed food products. It also has agri-sourcing operations in India.
