One of India's largest produce companies, IG International, reportedly has plans to go public within the next three to four years. 

"We have a target to achieve a turnover of US$300 million in the next 3-4 years. Once the target is achieved, we will definitely go for an initial public offering (IPO)," IG International global CEO Sanjeev Gulati told website Deccanherald.com.

The company is reportedly looking to boost its infrastructure amid rising demand, and is open to acquisitions as well as operational expansion.

The company currently has a fleet of 70 trucks as well as 29 branches across the country, according to Deccanherald.com.

"We need to have more cold chains and infrastructure across the country due to growing demand. Every year, we plan to add at least 2-3 warehouses," Gulati was quoted as saying.

He reportedly added the organization was open to acquisitions in the areas of food processing, logistics, farming operations, and trading.

The story said IG currently had a turnover of around US$100 million. The company also reportedly imports some 80,000 metric tons (MT) of fruit every year and is the second-largest cold chain company in India.

The imported fruits include apples, pears, grapes, citrus, plums, cherries, dragon fruit and kiwifruit.

Fremont Mandarins from Australia are said to have recently been added to the list too, and will be shipped over from Queensland-based Ironbark Citrus.

In March this year, company representatives told www.freshfruitportal.com an acquisition of a greenhouse in North America was being planned.

A month earlier, the company said its cherry production in the Czech Republic was taking off as young trees began to bear more fruit.

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www.freshfruitportal.com