Lotte Group Chairman Shin Dong-bin recently made a strategic move to strengthen the company’s global presence by expanding into the Indian market. His visit to India included attending the completion ceremony of the Lotte Well Food plant in Pune, marking a significant step towards establishing Lotte as a leading brand in the Indian confectionery industry.
Chairman Shin highlighted India’s rapid economic growth and emphasized Lotte’s commitment to becoming a beloved brand in the country. With a focus on enhancing competitiveness in key markets, Lotte views India as a crucial market with immense potential for growth.
The completion of the new Pune plant marks Lotte Well Food’s first production facility expansion since acquiring Habmore in 2017. The plant boasts Korea’s latest automated production technology, aimed at improving efficiency and increasing production capacity to meet the growing demand in the Indian market.
In addition to expanding production capabilities, Lotte is also focused on strengthening business alliances in India. Chairman Shin engaged in high-level meetings with top Indian business leaders to explore potential collaborations in the food and retail sectors.
Overall, Lotte’s investment in India reflects its long-term vision for global expansion and solidifies the country as a key pillar in its international strategy. With a strong focus on innovation, production efficiency, and strategic partnerships, Lotte is poised for significant growth in the Indian market and beyond.
Thanks For Reading Report of Punepress.com