ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Tatas Go for Seafood

TATA OIL MILLS is entering the fisheries industry and expects to develop a major seafood business in the years ahead. As an initial step, a large and well-equipped fish processing factory in the South has been acquired where initially shrimps will be processed for export. After the monsoon, trawling operations on an experimental basis will be undertaken in collaboration with foreign experts. Also, manufacture of fish meal is being developed for poultry and cattle feed. A high protein beverage based on the manufacture of protein isolate from groundnuts has been test- marketed. The manufacture of bottled fruit and vegetable products has just been started. The acquisition of the factory and other assets of East Asiatic at Madras and Coimbatore has substantially increased the company's productive capacity in soaps, vanaspati, refined oil and cattlefeed. This should add over Rs 4 crores a year to its turnover. In addition to stepping up its exports, TOMCO also proposes to manufacture some of its products, or have them manufactured by others under licence, in other countries such as Malaysia, Singapore and some of the countries in Africa where high tariffs and import restrictions make direct imports difficult. Tata-Finlay has carried out extensive test-marketing of instant tea powder in the US.

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