Goel Group partners Hyatt Hotels to launch frozen food brand 
Goel Group has entered the frozen food sector partnered with Hyatt Hotels to launch a range of vegetarian snacks, desserts and other goods under the Goeld brand. The Indian conglomerate has invested INR30 crore ($4m) building a food processing plant and plans to expand the range and export to the premium products to other markets.
Chhattisgarh-based Goel Group, which is into mining, iron and steel manufacturing, on Tuesday said it has made a foray into the frozen food segment in partnership with hospitality chain Hyatt Hotels under the brand 'GOELD'. The company has also invested Rs 30 crore to set a food processing plant in Raipur, Chhattisgarh, it said in a statement.

The firm claimed that the GOELD frozen food products are fully vegetarian and free from preservatives, colours and artificial flavours. The brand will offer Indian snacks, Indian breads, curries, thalis, premium vegetables and desserts, it added.

The company is listed on the exchanges under the name 'Shri Bajrang Alliance'. Shri Bajrang Alliance Director and Chief Financial Officer Archit Goel said consumer habits are changing now more than ever. "Keeping this in mind and seeing the potential that this (frozen food) category holds, we have forayed into the FMCG (fast-moving consumer goods) sector." The company also plans to export and expand the range of its product offerings going forward, it said.

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