LT Foods , an emerging global food company with focus on Basmati and other specialty rice, organic foods and convenience rice-based products with presence in more than 65 countries, announced an extension to their strategy for the critical European market, including the UK, by launching the new avatar of their leading brand ‘Daawat’.
'The company plans to invest $20 million with increased sales to 30,000 tonnes from the current 5,000 tonnes in the branded segment over the next four years. Additionally, this move will benefit 5,000 farmer families in India as the raw material would be sourced from India. Shares of LT Foods closed at ₹70.28, up 0.29 per cent on the NSE.