Godrej Korber eyes 18% growth in next 5 years

Godrej Korber, a JV between Godrej & Boyce and Germany-based Korber Supply Chain, on Friday said it is expecting 18 per cent growth in the next 5 years.

The company has witnessed a major shift happening towards the adoption of automation in the supply chain after the pandemic and expects this trend to continue, Godrej Korber said in a statement.

The growth has been led by the manufacturing sector, development of Pharma, retail, e-commerce, and food service businesses, as well as investment in the cold chain and cold storage facilities. "Godrej Korber exceeded order intake targets with order books full in FY22 and the business further eyes 18 per cent growth in the next 5 years owing to its successful coalition with global player Korber Supply Chain," it said.

Moreover, it is also planning to increase investments in India through its Indian subsidiary though it has not mentioned the amount. Asia is emerging as a development engine for supply chain automation, and Korber Supply Chain intends to increase investments in India through its Indian subsidiary, Godrej Korber in FY23, it said.