Business Daily from THE HINDU group of publications
Wednesday, Jan 03, 2007
ePaper
Business Daily from THE HINDU group of publications Wednesday, Jan 03, 2007 ePaper |
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Corporate
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Overseas Investments
Our Bureau
New Delhi , Jan 2 Dabur International Ltd, a wholly owned subsidiary of Dabur India Ltd, has said that it would set up a greenfield manufacturing facility in Ras Al Khaimah in the UAE by the end of 2007-08. "We are going to set up a manufacturing unit in the UAE, called Naturelle LLC, with an investment of about Rs 20 crore. This unit will be a step down subsidiary of Dabur India Ltd, as per the provisions of the Companies Act, 1956," said Mr P.D. Narang, Group Director (Corporate Affairs), Dabur India. The facility should be operational by December 2007 or March 2008 at the latest. The company has already informed the NSE of the recent developments. "We initially plan to start off with manufacturing personal care products for the West Asian region and gradually move on to manufacturing products for the healthcare, homecare and other segments," said Mr Narang. The company expects to garner revenues to the tune of about Rs 200-300 crore from the new manufacturing unit.
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