Indian poultry processor Venky's will spend Rs 1.07 billion (US$24 million) over the next 18 months to expand the capacities of its current plants and open new retail outlets, according to the company's CFO A.D. Bauskar. 


Improvements include expanding breeding farms and hatcheries and modernizing equipment. Venky's also hopes to use some of the capital expenditure it is acquiring via long-term loans to grow its restaurant operations.