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F&B announces investment upto Rs 100 crore in Hyderabad food business
Hospitality and Healthcare - Jul 26,2023 -The upscale catering company Foodlink F&B Holdings India announced its entry into the Hyderabad market. To build a foothold, it intends to invest between Rs 70 and Rs 100 crore across the premium catering, banquets, and restaurant verticals.
It was started in Mumbai in 2003 and has since moved its operations to Ahmedabad, Chandigarh, Delhi, and now Hyderabad. Internationally, it may be found in Milan, Italy, Dubai, United Arab Emirates, and Antalya, Turkey. In over 25 countries in Asia Pacific, Europe, the Middle East, and Africa, it has carried out catering initiatives.
Foodlink is currently planning to grow in South India, commencing in Hyderabad. To increase its market presence, it will establish a complete back-end infrastructure and production plant.
"We chose the city of Hyderabad because it is the hub of trade and commerce leading to a lot of inbound and outbound MICE and grand weddings. We plan to invest close to Rs 70 crore to Rs 100 crore over the coming few months across our luxury catering, banquets and restaurants verticals to establish a presence here." said Sanjay Vazirani, chief executive officer, Foodlink F&B Holdings India.
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