In my opinion it is the right time for the company to Tap the International market like USA and UK where the Indian nationals are more.
secondly as these are food products which required slf life sending exporting from India should be ruled out as it will reduce the self life.
The other option is that they should be looking for similar company in the traget country in food business having well establish network of distribution in the tragated area for aquistion. As the company finaicials( capital And reserve ) are enough to acquire Undertaking with similar line of business. This will help the company not only have the approvals to be obtained for staring a unit but can expolit the existing network of distribution immediately by introducing the SIF product line in phase manner.