For the 12 months 2021-22, the corporate is estimating the gross sales of over 8,000 tonne nuts.
Initially a pulses processor, ETG Agro India’s transfer so as to add this new product line and open a brand new income stream comes on the heels of rising demand for nuts within the Indian market, Parage Gadre, CEO, ETG Agro India mentioned. The plant’s processing capability is over 10,000 tonne uncooked almonds each year which can quickly increase to walnuts, pistachios, and cashews.
“Presently we’re observing some fascinating traits in consumption of staples and general snacking at dwelling. Customers throughout demographics and age teams are exercising rising well being consciousness,together with psychological well being whereas making decisions for bites at dwelling.ETG PRO Nuts plant goals to ship pure and hygienic nuts to the buyer whereas being a strong companion to India’s nuts merchants and institutional patrons,” he mentioned.
The corporate will probably be sourcing nuts akin to walnuts and cashews from home growers and almonds from international origins such because the USA and Australia. In India per capita consumption of nuts is 60-70gm each year, whereas within the international market consumption is over 550g each year.
The corporate’s long run strategic marketing strategy is to diversify into rising meals, commodities, worth added processed staples, plant-based protein functions and substances, mentioned Gadre. “Within the close to future, the plant additionally goals to provide nuts substances meant for sweets, biscuits, ice-creams, and different person industries,”he mentioned.
The corporate has employed a workforce of over 100 native girls after imparting requisite ability units to function the sorting line of the plant and within the subsequent two years, it goals to supply direct employment to 300 girls from the area people.