Daawat Kameda India Pvt Ltd, a 51:49 joint venture between LT Foods and Kameda Seika of Japan, inaugurated a new manufacturing facility at Sonepat on Friday.
LT Foods is a leading rice-based food company with global brands of Basmati like Daawat and Royal, and other specialty rice, organic foods, and rice-based convenience products. Kameda Seika, a Japanese snack food major, had formed the joint venture in 2017 to manufacture rice-based premium snacks in India.
Based on changing consumer needs, preferences and demand for healthy snacks, Kameda Seika ventured into the premium snacks category with its rice-based snacks 'Kari Kari.'
After the test launch in Delhi-NCR, Mumbai, and Bangalore across Modern Trade Stores, the joint venture company will now manufacture these rice-based snacks India at the new facility in Sonepat.
The company will use locally-sourced ingredients and raw materials besides expanding its distribution pan India, it said in a statement. On BSE Ltd, LT Foods stock closed 6.43 per cent higher on Friday at Rs 22.35 apiece.