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LT Foods seeks growth in Europe, Mid-East as basmati demand surges

One of India's biggest rice processors, it sees revenue nearly doubling to US$1b by 2020

LT Foods bought the Gold Seal Indus Valley and Rozana rice brands from Hindustan Unilever last year to strengthen its presence in the Middle East. It is now setting up a plant in Rotterdam to cater to Europe.

New Delhi

LT FOODS is targeting Europe and the Middle East for expansion after conquering the US market, as one of India's biggest basmati rice processors seeks to capitalise on surging demand for the aromatic grain.

Shares of LT Foods have more than doubled this year as the half...

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