Agri-Business

Spices Board to open signature outlets in foreign markets

more-in

Designed in Indian ethnic style, the signature stalls sell wide range of products consisting of more than 30 spices and culinary herbs

The spices Board is gearing up to open premium retail outlets in key countries to sell the choicest spices and value-added products under brand names ‘Spices India’ and ‘Flavourit’ as a part of broadening its brand-building exercise beyond the nation’s boundaries.

The products will be sold through signature stalls set up in overseas market in partnership with private investors, says Spices Board Chairman A. Jayathilak.

It is expecting that those stalls would help the board to gain access to more international markets and further promote the popularity of Indian spices abroad.

Stating that the Board has chalked out a major expansion plan for the retail stores, Mr. Jayathilak said it had already set up a few signature stalls within India. “Apart from the domestic market, we now want to focus more in foreign markets,” he added.

Flavourit Spice Trading Ltd. (FSTL), a Spices Board enterprise, has invited expression of interest (EoI) from prospective investors to take up franchises for ‘Spices India’ signature stalls in foreign markets. “The stalls are part of the board’s efforts to bring about systematic diversification and sustainability of the industry,” Mr. Jayathilak said. Designed in Indian ethnic style, the signature stalls sell wide range of products consisting of more than 30 spices and culinary herbs. Apart from whole spices, the store also has a line of lifestyle and personal care products such as beauty creams, clearness oils, bathing bars, shower gels and shampoos all flavoured with spices. Spice-flavoured chocolates are added attractions.

FSTL is currently offering three different franchisee operating models — COFO (company-owned, franchise-operated), FOFO (franchise-owned, franchise-operated) and SIS (shop-in-shop) retail concept wherein retail stores share a dedicated space for Spices Board products.

Why you should pay for quality journalism - Click to know more

Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Jan 19, 2020 8:00:16 AM | https://www.thehindu.com/business/agri-business/spices-board-to-open-signature-outlets-in-foreign-markets/article7625834.ece

Next Story