Kraft Foods Inc. (KFT) is finalizing plans to buy a stake in an Indian company, possibly a Mumbai-based biscuit maker, the Economic Times reported Thursday citing unnamed sources.
Buying a stake would put the company on the fast track in the country, as starting from scratch could take up to two to three years, a source said in the report.
The company has already appointed key officials for its India plans, the report said. (Trading Markets)