Gopal CorpCo invests Rs 50 cr in food processing

Chairman Gopal Gupta says availability of good quality potato in Himachal Pradesh is prime reason for the investment

Gopal CorpCo Limited (GCL), a group with interests in tobacco, power, hospitaity and mouth freshners, has invested Rs 50 crore at Baddi to foray into food processing sector.

Talking to Business Standard, Chairman Gopal Gupta said the tax holiday in Himachal Pradesh was over but the availability of good quality potato in the state was the prime reason for the investment.

He added in the competitive market of potato snacks, the company had reserved Rs 50 crore for branding its product range Tat-o.