 Hong Kong-based JB Group has announced its foray into foods business in India. The group has set up a joint venture, JB N JEG Foods Pvt Ltd, in partnership with Isreali company JEG Foods, to set up food outlets in India, Europe and South East Asia.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The JV has plans to open 100 stores in India, Europe and South East Asia in the next three years with an investment of Rs 100 crore. JB Group has a 51 per cent stake in the JV while JEG Foods holds the remaining 49 per cent.</P>
</p><p class='TableClas'>The JV has plans to open 30 outlets under the brand name Falafel's Veg Hummus House in the next one and a half years in India. It is targetting cities such as Pune, Surat, Hyderabad, Bangalore and Delhi to open stores.</P>
</p><p class='TableClas'>Falafel will sell vegetarian, mediterranean, fresh cuisine through the outlets. The JV has already opened five outlets in Mumbai. </P>
</p><p class='TableClas'>The $3-billion JB Group has interests in property, mining, oil and gas, alternative energy among others while JEG has food outles in Isreal and the US.</P></p><p class='TableClas'></p></table>


JB Group forms JV with JEG Foods

to open food outlets in India

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