ETC India to invest $77 mn to ramp its nationwide capacity with IFC backing

ETC India is a wholly-owned subsidiary of ETC Group Ltd (ETG), a strategic client of MAS Agribusiness with investments in Africa and India

ETC Agro Processing (I) Private Limited (ETC India), one of the largest pulses processor in the world and trader of pulses in India, will invest $77 million to ramp its capacity. The project will be backed by International Finance Corporation (IFC).

ETC India, headquartered in Mumbai, has a total pulses processing capacity of 500,000 metric ton per annum (MTPA) spread across 3 facilities in Gujarat, Maharashtra and West Bengal. 

Company plans to improve the operational capacity of its existing plants from the existing 50 per cent level to 85 per cent by fiscal year 2022.  The company also wants to