NEW DELHI Packaged consumer goods maker Dabur India on Tuesday announced
its entry into Sri Lanka with the setting up of an overseas subsidiary –
Dabur Lanka, reports Our Bureau. The new entity has signed an agreement
with the Sri Lanka board of investment for the same and will invest $15
million (. 70 crore) to set up a exportoriented manufacturing facility,
a statement issued by Dabur said. The plant will manufacture
fruit-based beverages in Gampaha, north of Colombo and will have a
capacity to produce 2.8 lakh cases of fruit-based beverages every month,
the statement said. The plant is expected to kick off operations in
August-September ’12. “Real fruit juices have been reporting strong
growth month-on-month. Our foods business has grown over 28% in 2010-11
despite supply constraints,” Dabur CEO Sunil Duggal said. The firm has
manufacturing facilities in Nepal, Bangladesh, Dubai, Nigeria and Egypt.
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