Dabur India is all set to establish its first-ever manufacturing facility in South India, with a total investment of ₹400 crore over the next five years. It has signed a memorandum of understanding with the state government of Tamil Nadu, mentioning an initial investment of ₹135 crore in Phase 1 itself. The new facility, located in SIPCOT Tindivanam, Tamil Nadu, will likely generate direct employment for about 250 people. On the other hand, it is going to create thousands of indirect job opportunities.
This investment, according to Mohit Malhotra, CEO of Dabur India, “will enable the company to further serve the rising demand for its products in South India and strengthen its market presence in that region.”
This plant will be one of the most state-of-the-art and green facilities at Dabur, with the potential to produce a wide spectrum of products suitable for the South Indian market.
According to a PTI news item, Dabur India Ltd, an FMCG major, has reported an increase of 8.27 percent in its consolidated net profit to ₹494.35 crore for the first quarter of the current fiscal ending June 2024. It clocked a consolidated revenue from operations of ₹3,349.11 crore during this period against ₹3,130.47 crore in the same period a year ago. Dabur’s shares rose 2.1% to an intraday high of ₹647.7 per share on the NSE, and has gained 15.26% so far this year.
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Source: Moneycontrol
News Desk
