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We had completed the stone laying ceremony for our new factory at Hyderbad. Company is entering into FMCG Sector and Manufacturing of Consumer products like food products & cosmetics at this factory. We have also received all the required statutory approvals for factory. The Manufacturing facility would boast state of art technology and will consists of 30000 sqft of operating space. Our company is expecting to start the production within this financial year and the company expects to rake in huge revenue from this plant. In the first year of or launch we expect to make a big impact in the market with niche of our products. Our target is to achieve at least 5 percent of the market share.
The consumer durables market in India is expected to reach US$ 12.5 billion in 2015 and US$ 20.6 billion by 2020. Urban markets account for the major share (65 per cent) of total revenues in the consumer durables sector in India. There is a lot of scope for growth from rural markets with consumption expected to grow in these areas as penetration of brands increases. The FMCG sector has grown at an annual average of about 11 per cent over the last decade. The overall FMCG market is expected to increase at (CAGR) of 14.7 per cent to touch US$ 110.4 billion during 2012-2020, with the rural FMCG market anticipated to increase at a CAGR of 17.7 per cent to reach US$ 100 billion during 2012-2025.Food products is the leading segment, accounting for 43 per cent of the overall market.
Our company will have a diversified portfolio that will cover all needs of a consumer, we would manufacture all consumable products that would be used day to day and would sell them as a kit that would be self sufficient for a family for one month. The kit would be priced at a medium range to make it affordable to all sections of people.