Srinivasa to double production

August 13, 2019

Srinivasa Farms has offered a 20% stake to the International Finance Corporation (IFC) in return for an investment of USD 18.75 million. Of this USD 42.6 million is to be used in the next 3-4 years to double its footprint across India by increasing its current breeder operations, set up processing plants and complete its Food Park along with chicken and egg processing plants. Vice Chairman and Managing Director at Srinivasa, Suresh Chitturi told the press last Thursday that the first installment of USD 9.2 million has been invested with the rest due end 2019.