Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
The Hershey Company, fourth largest confectioner maker in the world, is stepping up its India presence.The $7.4 billion (Rs 48,000-crore) entity has been here for nine years, four of which were with Godrej Group in a joint venture (JV). It would, the Pennsylvania-headquartered company said, introduce some of its global brands here, beside increasing its manufacturing base.It has five big brands in its portfolio, beside the flagship Hershey's -- Kisses, Reese's, Jolly Rancher and Ice Breakers. Of these, Hershey's syrups, spreads and milkshakes, as well as Jolly Rancher lollypops, are already in India.Pradeep Jakate, chairman and managing director of Hershey India, wouldn't say which other global brands might be brought. Industry sources say the company is considering whether to introduce Kisses, a teardrop-shaped candy, and Reese's, a chocolate and peanut butter-based one. These are among Hershey's most popular global brands.Jakate also wouldn't disclose the India business' turnover. ..