Work begins at Dabur plant
Balipara factory biggest unit of company in India
- Published 18.03.17
Guwahati, March 17: Dabur has started work at its biggest manufacturing unit in Sonitpur district of central Assam.
A spokesperson for Dabur said commercial production started today at its factory in Balipara industrial estate in Sonitpur district. The company has invested Rs 250 crore for the Assam plant.
"This is the biggest manufacturing unit of the company in the country and is a part of the expansion plan," the official said.
The plant will manufacture a wide array of products made by Dabur like health supplements, Ayurvedic products, oral care and hair care. The company has 12 factories in India and eight abroad.
Sources said the plant is scheduled to be officially inaugurated next week and top officials of the company will be present on the occasion.
Dabur India Ltd is one of the country's leading fast moving consumer goods companies with revenues of over Rs 8,436 crore and net sales for the 2015-16 fiscal standing at Rs 1,967.5 crore.
Sources said the factory has a capacity of 3 lakh tonnes yearly and is spread over 30 acres. "We are already sourcing from the Northeast for a variety of our products and the same will be done for this factory too," the spokesperson said.
The move comes at a time when major companies are setting up units in the state. Around 75 units with an investment of Rs 6,000 crore will come up by March and a new Northeast industrial policy is expected soon. The state government has already passed a bill on ease of doing business and has been holding dialogues with various companies to come and invest. The proposed employment is 18,000 people.
The annual growth rate of industries in Assam in 2014-15 is 7.37 per cent which was 5.51 per cent in 2013-14. A total of 202 units have been set up in Assam with an investment of Rs 16,570.65 crore from January 2000 to December 2016.
In fact, the Assam industries and commerce department in its submission to Niti Aayog suggested that the new industrial policy for Northeast be renamed as the North East Industrial and Service Sector Promotion Policy, 2017, for a period of 10 years and there should be no location restrictions. The thrust areas for manufacturing should be food processing, including cold chain and cold storage, bamboo, sugar, jute, plastic, rubber, pharmaceuticals, IT-ITES, textiles, engineering, defence-related production and automobile. The thrust areas for the service sector are hotels (not below two star), adventure and leisure tourism, tea tourism, ropeways, river cruises and amusement parks.