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Vikas Multicorp to enter into new FMCG segment
Dec-02-2020

Vikas Multicorp (VML) is planning to enter into new FMCG segment, with Cashews Processing project. The company plans to set -up a raw cashew processing unit in designated food park in the state of Haryana- offering a host of subsidies, incentives and other tax benefits, with an estimated initial capex outlay of Rs100 million.

The project is expected to initially process 4500 MTPA of Cashew nuts, providing a finished cashew output of 1000 MTPA. VML is in advance stage of negotiations for strategic partnership with few established FMCG Players to channelise the raw Cashew procurement at competitive prices and back to-back buy-back tie-ups for processed and packed Cashews in premium and ultra-premium segments. In addition, VML intends to launch and market processed and packaged Cashews under its own brand through B2B and B2C segments.

Vikas Multicorp (VML) is a Delhi based group, with diversified interests and a rich domain experience and expertise in international and domestic polymer market.

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