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Jun, 02 2014

Orkla sees potential in multi-local model

The Norwegian company acquired MTR Foods in India.

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.”

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