Incorporated in Aug.'89 as a public limited company, Goa Fruit Specialities is promoted by J M Chawla. It obtained Certificate for Commencement of Business in Jan.'92. HMA Consultants Pvt Ltd was appointed for preparing a detailed project report for the manufacture of coconut cream and other fruit pulps. The final report was completed in 1992 and the implementation started. In 1994, the company's project for processing of coconut and fruit was selected for promotion under the integrated investment programs being implemented by the department of Industrial Development, Ministry of Industry, Government of India, in co-ordination with United Nations Industrial Development Organisation (UNIDO). The company came out with a public issue to part-finance the setting up of a 100% EOU to manufacture fruit pulps especially coconut cream with an installed capacity of 18,000 tpa, at Ponda, Goa. It will be a fully automatic plant with machines being imported from the US, France and Italy. The project is under implementation.