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Gulf Press > Business > Dabur to invest Rs400 crore in Tamil Nadu to establish manufacturing plant
Business

Dabur to invest Rs400 crore in Tamil Nadu to establish manufacturing plant

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Last updated: 2024/08/22 at 4:30 PM
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Dabur, a leading consumer goods company, is making a significant investment of Rs 400 crore in Tamil Nadu, marking its first manufacturing venture in South India. The company recently signed a Memorandum of Understanding with the Government of Tamil Nadu to establish a cutting-edge manufacturing plant in the SIPCOT Food Park in Tindivanam, Villupuram district. This move was announced by Tamil Nadu’s Industry Minister, TRB Rajaa, who welcomed Dabur to the region via a social media post. The Rs 400 crore investment will be made gradually over the next five years, with an initial phase investment of Rs 135 crore. The project is expected to create direct employment for around 250 individuals and thousands of indirect job opportunities.

The establishment of this facility is seen as a positive development for the local economy, especially for farmers in the nearby Delta region. Minister TRB Rajaa emphasized that the new plant will provide new opportunities for farmers to sell their agro-produce, which will be processed at the facility. This move is expected to open up new avenues for farmers and strengthen the industrial linkages in the Delta region. Dabur’s decision to choose Tamil Nadu for its first manufacturing plant in South India is a testament to the state’s thriving industrial ecosystem and availability of a skilled labor force.

The Government of Tamil Nadu has played a pivotal role in facilitating this investment, with support from the Department of Industries led by Minister TRB Rajaa. Dabur’s Chief Executive Officer, Mohit Malhotra, expressed gratitude towards the government for their proactive support and guidance in making this project possible. The new facility will be equipped to manufacture a wide range of Dabur’s products, particularly catering to the growing demand in the southern market. This modern and environmentally friendly plant is expected to strengthen the company’s market presence in the region.

This strategic investment by Dabur is set to make a significant impact on the local economy, creating job opportunities and boosting the agricultural sector in the Delta region. The company’s decision to establish its first manufacturing plant in South India reflects its commitment to expanding its presence in the region and meeting the growing demand for its products. The state-of-the-art facility in Tamil Nadu will not only benefit Dabur, but also contribute to the overall industrial development of the area.

The partnership between Dabur and the Government of Tamil Nadu is a win-win situation for both parties, with the company gaining a strategic manufacturing foothold in the South Indian market and the state benefiting from increased employment opportunities and economic growth. The establishment of the new manufacturing plant in Tamil Nadu is a step towards strengthening the industrial ecosystem in the region and fostering further growth and development in the consumer goods sector. By choosing Tamil Nadu for its investment, Dabur has demonstrated confidence in the state’s business-friendly policies and potential for growth.

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News Room August 22, 2024
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