Hyderabad, Dec 29 (FN Agency) The instant coffee manufacturer Vintage Coffee And Beverages Ltd, a holding company of Vintage Coffee Pvt Ltd, an 100 percent Export Oriented Unit on Thursday announced it has bagged a large order to supply instant coffee from a large brand in South East Asia. This order worth Rs 17.60 crore will help the company to strengthen it’s presence in the huge South East Asian Instant Coffee market, Hyderabad-based company said in a statement here. “This new order will boost our ever increasing order book,” said Mr. Balakrishna Tati, Managing Director, Vintage Coffee And Beverages Ltd. The company is also in the final stages of finalizing orders with European and West African customers for supply of consumer packs.
This will significantly improve the turnover. India has seen an unprecedented increase in the number of coffee lovers over the last two decades. While the coffee market at global level has seen a steady growth of 2.5 to 3 percent year-on-year, the Indian coffee market is growing at 10 to 15 per cent on a Y-o-Y basis. Factors driving demand for coffee in India include rising incomes, growing demand from the institutional sector, changing eating habits, health benefits, increased coffee cultivation in India. The company’s Instant Coffee plant is located at Mahbubnagar district (Telangana) and it is equipped with the latest state of the art technology to manufacture both Spray dried and Agglomerated Instant Coffee.