Emami Ltd will shortly start
commercial operations in Bangladesh for which trial production is already on. It will be the
second Indian FMCG company to start operations in the country after Dabur.
"We had got the licence from the Bangladesh government for setting up a factory there. Everything is now in place and trial production is going on and commercial operations will start soon," Emami Ltd CEO (sales, supply chain and human capital) N Krishna Mohan said.
He said the domestic demand in Bangladesh was large enough and the plant would only cater to that country.
Mohan also said the company would
also set up a manufacturing unit in Egypt to serve the Middle-East North African (MENA) region, adding the plans got slightly delayed owing to the recent political turmoil there.
"But we hope to kick start operations after obtaining land," he said.
International business contributed 13 per cent of the
overall turnover of Emami's revenue, while the MENA region accounts for 20-30 per cent of global business.
While "a sum of Rs 20 crore is being invested in the Bangladesh plant, the Egypt facility would cost Rs 35 crore and production would start in one year's time," Mohan said.
He said the FMCG portfolio was the biggest revenue earner for the group. The turnover from this segment last year stood at Rs 1,500 crore.
With inputs from PTI