Tata Global Beverages Limited (TGBL, formerly Tata Tea Ltd) on Wednesday said it was looking to enter the dairy business as it scouts for opportunities to expand beyond tea, coffee and bottled water. Addressing shareholders in Kolkata on Wednesday at the company’s annual general meeting, Tata group chairman Cyrus Mistry said there are plenty of opportunities in the dairy business, “particularly in India”. Mistry said Starbucks in the US would now offer single-origin coffee sourced from Tata Coffee Ltd’s Nullore estates, located in the Coorg region. According to Mistry, the company should take “bolder steps” in the coffee business and its contribution to the company’s financials must increase. Back home, it will strengthen black tea sales, Mistry said.

Source: Mint August 24, 2016 14:15 UTC