Orkla sees potential in multi-local model

Orkla, the Norwegian food major which acquired MTR Foods Ltd sees potential in multi-local model and believes that this will help the company grow 2.8 times since acquisition to a turnover of over Rs 494 crore.

Sanjay Sharma, CEO, MTR Foods, said, “Orkla follows a unique model of operation called the multi-local model. Under this model, each operating company is free to choose its own strategy.”