Dabur to set up first plant in South India, to invest Rs 400 crore in Tamil Nadu
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According to a report, Home-grown FMCG major Dabur India said it will set up a Rs 400-crore manufacturing plant in Tamil Nadu’s Villupuram district, marking the company’s maiden foray into the South.
State Industries Minister Dr. TRB Rajaa said Dabur has signed a Memorandum of Understanding (MoU) with the state government to this effect on Thursday.
The MoU outlines an approved Phase 1 investment of Rs 135 crore, scaling up to Rs 400 crore over five years, Dabur India said in a statement.
The new plant set up in SIPCOT Tindivanam at Viluppuram district of Tamil Nadu would help Dabur to scale up its business from South India further, which currently accounts for around 18-20 percent of its domestic business.
#FirstLease #FL #DaburIndia #TamilNadu #FMCG #Investment #Villupuram #SouthIndia #MoU #DaburExpansion#Manufacturingplant #RetailNews
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