11 September 2006 - The Australian Foods India Pvt Ltd, a joint venture of Cookie Pan Pty of Australia, a US based equity investor and an Indian company, intends to invest Rs. 250 million in the next three years.
Currently, the company has a factory near Chennai and produces 1,000 tons of dough and 200 tons of cookies a month. There are about 20 Cookie Man shops, mostly franchisees.
The company intends to set up another factory and expand its presence in the new upcoming shopping malls.
Article extracted from "India Agricultural Situation Weekly Highlights & Hot Bites, # 33 2006"