Dabur to double revenues to Rs 1,000cr from Uttaranchal plant
Rudrapur, Feb 23 (UNI) Home-grown FMCG major Dabur India Ltd (DIL) plans to double its turnover in the next two years in this excise-free zone facility in Uttaranchal by expanding production capacity and introducing new products.
ђWe are investing Rs 100 crore in the next three years in the Rudrapur plant for expanding production capacity and introducing new products. We will pump in Rs 50 crore in 2006-07. The funding will be through internal accruals,Ғ Dabur India CEO Sunil Duggal told a group of newspersons visiting the facility here.
The plant has already achieved a turnover of Rs 500 crore in just 18 months.
Keeping in view its growth ambition and growing consumer needs, Dabur India had formulated an aggressive manufacturing strategy in 2004 and decided to install new units in excise-free zones in Uttaranchal and Jammu with additional capacities in Baddi, Himachal Pradesh.
The management staff is hired on the lines of the Central government regulations while for the technical staff the basic requirement is a secondary pass with computer knowledge, Mr Pradip Burman, Director, Dabur India, said on being asked about the employment intake.
Dabur, which has 10 manufacturing units in India, is also planning to set up a new plant in Sikkim or North East to cater to Eastern India.
ђBesides fuelling growth in the domestic market, we are also increasing our presence in countries like Russia and Central Asia. We have plans to set up a packaging plant in Russia,Ғ Mr Duggal said.
Meanwhile, Dabur, which has five plants abroad, has appointed a business head for initiating the proposed Pakistan venture. The company is also mulling to enter the spa business and formulating a concept in this regard.
UNI AD SD RK1715