Global Consumer Products eyes $200 mn turnover in five years

FMCG start-up Global Consumer Products is aiming to achieve USD 200 million in turnover over the next five years, a top company executive said here today.
"We are looking at five-year basis. We expect turnover of USD 200 million over the five years," A Mahendran, Chairman and Managing Director, Global CP told reporters.
Global Consumer Products, which today launched chocolate under the brand LuvIt, is set to foray into the FMCG market with product offerings in confectionery, beverages and snacks.
The company will foray into beverages segment including fruit juice, water packaging, packaged tea and coffee, in the next couple of months, he said, adding "We will start with fruit juices."

Global CP was incepted by Mahendran in partnership with Goldman Sachs and Mitsui Ventures with a capital of Rs 315 crore.
"We have three dedicated (contract) manufacturers--two in Hyderabad and one in Mangalore. Depending on market, we may go for another two in Kerala and Tamil Nadu," he said, adding that "investment will be aggressive and as per need".