Dabur to Invest Rs 400 Crore in Tamil Nadu for First South India Plant
Dabur, a well-known consumer goods company, is making a significant investment of Rs 400 crore in Tamil Nadu. This marks Dabur’s first manufacturing venture in South India. The new plant will be located in the SIPCOT Food Park in Tindivanam, Villupuram district.
Announcement and Details
The announcement was made by Tamil Nadu’s Industry Minister, TRB Rajaa, on social media. He expressed his excitement about the partnership, stating, “Welcome to Tamil Nadu, Dabur! In fact, welcome to South India!” The Memorandum of Understanding (MoU) was signed in the presence of Tamil Nadu Chief Minister MK Stalin.
Investment and Employment
Dabur plans to invest Rs 400 crore in phases, starting with an initial investment of Rs 135 crore. The project is expected to create 250 direct jobs and thousands of indirect job opportunities. This development will also benefit local farmers by providing new avenues to sell their agro-produce.
Impact on Local Economy
Minister TRB Rajaa highlighted the positive impact on the local economy, especially for farmers in the nearby Delta region. He stated, “Dabur will invest Rs 400 crore in this facility which will create 250 plus jobs. More importantly, it will open up new opportunities for farmers in the nearby Delta region to sell agro-produce to be processed in this facility.”
Dabur’s Commitment
Mohit Malhotra, CEO of Dabur India, expressed gratitude to the Tamil Nadu government for their support. He mentioned that the new facility would be one of Dabur’s most modern and environmentally friendly plants, catering to the growing demand in South India.
Doubts Revealed
Dabur -: Dabur is a company that makes things like toothpaste, hair oil, and other products we use every day.
Rs 400 Crore -: Rs 400 Crore is a lot of money. In Indian currency, it means 400 followed by seven zeros (400,00,00,000).
Tamil Nadu -: Tamil Nadu is a state in the southern part of India. It has many cities and is known for its temples and culture.
SIPCOT Food Park -: SIPCOT Food Park is a special area in Tamil Nadu where companies can set up factories to make food products.
Tindivanam -: Tindivanam is a town in Tamil Nadu where the new Dabur plant will be built.
Industry Minister TRB Rajaa -: TRB Rajaa is a person who works in the government of Tamil Nadu. He helps make decisions about industries and factories.
direct jobs -: Direct jobs are jobs where people work directly for the company, like in the factory.
indirect opportunities -: Indirect opportunities are jobs that are created because of the factory, like people who supply materials or transport goods.
local farmers -: Local farmers are people who grow crops and live near the new factory. They will have new places to sell what they grow.
CEO Mohit Malhotra -: Mohit Malhotra is the boss of Dabur. He helps make big decisions for the company.
