HyFun to invest Rs 300 cr; to foray into retail segment

The company will expand its overall manufacturing capacity of its potato processing plant in Gujarat to 200 kilo tonne from the present 80 kilo tonne, according to a statement.

New Delhi: HyFun, which produces and exports frozen potato products, will be investing Rs 300 crores for expansion and will also foray into the domestic retail segment.

The company will expand its overall manufacturing capacity of its potato processing plant in Gujarat to 200 kilo tonne from the present 80 kilo tonne, according to a statement.

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“We aim to create more local employment opportunities in Gujarat,” HyFun Chief Executive Officer Haresh Karamchandani said.

“Working professionals and homemakers are now more inclined towards simple food that is hygienic, safe, and easy to prepare. That is where HyFun products will deliver convenience and provide easy solutions for daily meals,” Karamchandani said.

HyFun offers more than 25 ready-to-cook frozen snacks such as French Fries, Aloo Tikki, Burger Patties and Nuggets.