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Tata
Chemicals Ltd has become the first Indian company
to launch its salt brand in West Asia, under the
brand name Topp Salt, a senior company official
told Crisil MarketWire. While the company hopes
to garner 30 percent market share in West Asia,
it is also launching the same brand in Southeast
Asia, he said. "We sent our first shipment
to Dubai three weeks ago. The response has been
very encouraging, and we have already got a repeat
order," said Satish Sohoni, chief operating
officer, food additives business, Tata Chemicals.
"We have started with
Dubai and will move on to Abu Dhabi and Sharjah
to cover the entire United Arab Emirates. Then
we plan a rollout in Oman, Kuwait, and Saudi Arabia,"
he said. Sohoni was speakingon the sidelines of
an investor conference late Wednesday. The West
Asia foray will be through Tata (UAE) FZE, a wholly-owned
subsidiary of Tata International. The total retail
market for salt in West Asia is estimated at 120,000-130,000
tonne. "We are aiming to capture 30 percent
market share within 18-24 months," Sohoni
said. At a retail price of 1.5 dirhams per kg
of salt, the total market size works out to Rs
210-230 crore.
Tata Chemicals has also identified
Southeast Asia as a potential growth area, Sohoni
said. "We have already got formal approval
from the Singapore authorities and the first shipment
will leave within four weeks," he said. After
this we are looking at Malaysia, as well as Indonesia,
although that market may be too big to service
through exports alone, he said. Tata Salt is the
largest selling salt brand in India, with an estimated
40 per cent market share.
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