Essel Propack in pact with Colgate to set up unit in Goa

Packaging materials maker Essel Propack Ltd has signed a long-term agreement with Colgate-Palmolive India to set up a plant in Goa at an investment of Rs 40 crore, Ashok Goel, Essel's vice-chairman and managing director, told Reuters today.

The company is part of the USD 2.4 billion Essel Group, which runs companies such as Zee Entertainment, Zee News, Zee Learn, Dish TV, Wire & Wireless India amongst others.

Colgate-Palmolive Company is an American diversified multinational corporation focused on the production, distribution and provision of household, health care and personal products, such as soaps, detergents, and oral hygiene products (including toothpaste and toothbrushes). Today, Colgate has numerous subsidiary organisations spanning 200 countries, but it is publicly listed in only two, the United States and India.