Tata beverages to enter nourishing foods segment
India-based Tata Global Beverages (TGBL), which was formerly known as Tata Tea, is considering entering the nourishing food segment as part of its plan to become an overall health and wellness company.
TGBL chairman Ratan Tata made the comments at the company's annual general meeting, where he said that company is going through a transformation to become a global beverages and food company.
Tata did not divulge the timeline and the type of products the company aims to launch in the food segment.
In 2010, TGBL formed a joint venture firm with Pepsico - NourishCo Beverages - to produce non-carbonated ready-to-drink beverages and it has also signed a MoU with Starbucks to supply tea and coffee to the US-based coffee chain.
The company has recently acquired 31 per cent stake in US-based Rising Beverages, which is known for vitamin water based products.
