Dabur to set up plant in Sri Lanka

September 27th, 2011 - 8:23 pm ICT by IANS  

New Delhi, Sep 27 (IANS) Dabur India Tuesday said it was setting up a Sri Lankan subsidiary, Dabur Lanka Pvt Ltd, and will invest $15 million (Rs.70 crore) there.

Dabur Lanka signed an agreement with the board of investment of Sri Lanka Sep 22 to establish this venture.

“The company will invest $15 million to establish a new export-oriented manufacturing facility for producing a range of fruit-based beverages in Gampaha, north of Colombo,” the company said in a statement.

The new facility, with a capacity to produce 2.8 lakh cases of fruit based beverages every month, will be commissioned in August-September 2012.

“The demand for our fruit-based juices and beverages under the real brand has been reporting strong growth month on month. Dabur’s food business has reported an over 28 percent growth in 2010-11 despite the supply constraint,” said Sunil Duggal, chief executive officer, Dabur India.

“As continued high growth is expected is expected in the future too, we are setting up this new facility to augment our production capacity for fruit-based beverages and meet the growing demand of our products.”

Spread over 50 acres, the plant will employ around 75 people. Its staff would rise to around 200 by 2013-14.

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