Dabur to spend USD15m on new beverage venture in Sri Lanka
FMCG company Dabur India is entering Sri Lanka, and will invest USD 15 million to set up an export-oriented facility for producing a range of fruit-based beverages in Gampaha, north of Colombo.
September 27, 2011 / 18:12 IST
Moneycontrol Bureau
FMCG company Dabur India is entering Sri Lanka, and will invest USD 15 million to set up an export-oriented facility for producing a range of fruit-based beverages in Gampaha, north of Colombo.The new manufacturing facility will have a capacity to produce 2.8 lakh cases of fruit-based beverages every month, and will be commissioned in August-September 2012, the company said Tuesday. It has set up a new subsidiary Dabur Lanka Pvt Ltd for the venture.The plant will initially employ 75 people when operational, and the company plans to increase number of staff to around 200 by 2013-14."Our fruit-based juices and beverages under the Real brand have been reporting strong growth month-on-month. Dabur
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