FMCG firm Dabur signs MoU with TN govt for setting up Rs 400 cr new facility
22-Aug-2024 04:39 PM 6005
Chennai, Aug 22 (Reporter) FMCG firm Dabur India Limited on Thursday signed a Memorandum of Understanding (MoU) with the Tamil Nadu government for setting up a new consumer goods manufacturing facility in the State involving an investment of Rs 400 crore and offering jobs to 250 people. The company would set up its world class manufacturing facility at SIPCOT Food Park in Tindivanam in Villupuram district of the State, an official release said. The MoU was signed in the presence of Chief Minister M K Stalin, Industries Minister T R B Raaja and other government and Dabur company officials, including its CEO Mohit Malhotra, at the State Secretariat. It said the State government has been taking various steps and was attracting investments from capital intensive high-tech industries and employment intensive industries to achieve the goal of making Tamil Nadu a USD One Trillion economy by 2030. In line with this, Dabur, which was involved in manufacture of home care, personal care, juice products, will be setting up its first unit in South India and the first in Tamil Nadu. Tamil Nadu Industries Minister T.R.B. Rajaa in a post on X said “Welcome to Tamil Nadu, @DaburIndia ! In fact, welcome to South India! In the presence of Chief Minister M.K. Stalin today signed an MoU with Dabur for the establishment of a world-class manufacturing plant, their first in South India, at the SIPCOT Food Park in #Tindivanam, Villupuram district." "Dabur will invest Rs 400 crore in this facility which will create 250+ jobs. More importantly, it will open up new opportunities for farmers in the nearby delta region to sell agroproduce to be processed in this facility”, he said. “Our Chief Minister, hailing from the delta and myself being an MLA from the region too, it gives me immense pleasure to bring the right kind of food processing industrial linkages to the Delta region", Mr Raaja wrote...////...
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