Interloop Holdings is expanding its footprint into the dairy sector with plans to export premium mozzarella cheese to the Gulf region through a Turkish joint venture (JV).    The  pakistani conglomerate, best known globally for manufacturing socks and leggings for brands such as Nike, Adidas, Puma, Target, H&M, Marks & Spencer and Zara, operates large-scale textile and apparel units in Pakistan, China, Sri Lanka and Bangladesh. It now aims to diversify its portfolio and boost Pakistan’s non-textile exports through its dairy arm, IRC Dairy Products Ltd.      IRC and its Turkish JV Rella Gida are processing 120,000 liters of milk daily to produce Turkish mozzarella cheese and butter for clients in Pakistan, Eurasia and the Far East.    Interloop Holdings Chairman Musadaq Zulqarnain told Arab News in an interview he will travel to Turkiye this month to discuss with Rella Gida the prospects of starting exports to the Gulf Cooperation Council (GCC) market, which he says spends more than $2 billion on cheese and butter imports annually.     We would be producing about 7–8 percent of the cheese which the entire Gulf Cooperation Council countries import,” Zulqarnain told Arab News.     IRC Dairy, whose sales are projected to reach Rs10 billion ($36 million) this fiscal year through June, expects them to surge to Rs40 billion ($142 million) once its expansion plans materialize.    “We are going to triple its capacity in the next three years,” Zulqarnain said. (ICE ISLAMABAD)

Fonte notizia: arab news pk