Leading fast moving durable goods significant Dabur India is setting up a brand-new plant at Madhya Pradesh with an approximated total investment of Rs 550 crore. It is the largest investment in a particular place for the business till date, the Ghaziabad-based firm stated today.
The company has already protected a 51 acre land parcel and started building and construction work for the preliminary phase, which is set up to be finished within the present financial year. Apart from the recently introduced production linked incentive (PLI) plan for the food processing sector by the union federal government, Dabur has actually availed the state federal government's Mega Projects Scheme to materialise its plan.
” This brand-new facility will provide us the area needed to quickly broaden our production capability to not only satisfy the growing need for ayurvedic products and medications however also establish and launch innovative foodstuff for the future. The new factory is an advance towards strengthening our position as the world's largest ayurvedic items and medicines manufacturer and a market leader in Indian foods and drinks category”, stated Mohit Malhotra, chief executive officer, Dabur India.
As per price quotes, located in the SMART Industrial Park near Indore, the plant will offer employment to 1,250 individuals initially and over 3,000 people at the end of the final phase. The business plans to produce food products, ayurvedic medications and health supplements from the new units.
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