Bafna Foods India Pvt. Ltd.
Bafna Foods India Pvt. Ltd. is a trading company that trades pet preform products.
The Bafna Foods India Pvt. Ltd.
In Jamkhed, Ahmednagar (MH)
Currently, Bafna Foods India Pvt. Ltd. is a trading company that trades pet preform products. The raw material for the pet preform is acquired from Vietnam, and the finished products are sold to the polymer unit. Bafna Foods is envisioning introducing a stream of food products, including manufacturing and packaging edible oil, maida, and other grocery products. Having its core competency in utilizing the latest machinery and equipment to produce products and automate the manufacturing process, the introduction of food products will achieve similar success as other products of the Bafna Group.
India is the 5th largest producer of oilseed.
Still, some portion of the overall requirement has to be met by imports from other countries. Secondly, to fulfill consumer demand, edible oil is imported as well. With a high demand for oilseed, edible oil consumption is also on the rise. Almost 30 percent of total Indian demand stems from the western frontier. Edible oil manufacturing is a highly sought-after venture in Maharashtra, with multiple oil refineries and packaging units being set up to fulfill this demand.
Future Strategy of Bafna Foods India Pvt. Ltd.
Bafna Foods India Pvt. Ltd. is trying to disrupt this market through its competency in bringing efficiency in the manufacturing process through automation. This strategy results in providing a high quality product to the consumer without increasing the prices of the product. Bafna Foods has set a target to acquire the high-growth edible oil market. In the next three years, the Group plans to acquire a 15 to 20 percent share of the edible oil market. Furthermore, the oil extraction target is set at 500 tons per day for the next three years, with the oil refinery process producing a daily output of 100 tons.