Merino Industries to set up new manufacturing plant in Gujarat.

Merino Industries' ready-to-cook brand Vegit is looking at setting up a new manufacturing plant in Gujarat with an investment of Rs. 50 crore. The plant is expected to be operational by year 2017. "We are looking at a second manufacturing plant in Gujarat with an investment of Rs. 50 crore. It will be operational by 2017," Vegit Managing Director Prakash Lohia told PTI. On whether the company has finalised location for the plant, he said: "We are in talks with Gujarat Government officials. We are yet to finalise land for the new plant." Lohia said that apart from new plant, the company also plans to raise production capacity of potato flakes at its existing plant at Hapur in Uttar Pradesh by 50 per cent to meet growing demand. "Vegit will raise production capacity to 12,000 metric tonnes from current 8,000 metric tonnes by March 2015," he said.