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Dabur forms first overseas JV in Bangladesh, more in pipeline
New Delhi, Dec 01: In its endeavour to turn global, Dabur India on Monday said it has entered into a 74:26 joint venture with Bangladeshi company Advanced Chemical Industries for producing hair and oral care items.
New Delhi, Dec 01: In its endeavour to turn global, Dabur India on Monday said it has entered into a 74:26 joint venture with Bangladeshi company Advanced Chemical Industries for producing hair and oral care items.
Dabur has acquired majority 74 per cent stake in the new company, which has a total equity base of about Rs 2 crore, a Dabur India spokesperson told reporters here.
He said having set for itself an aggressive growth target, the company has also identified other overseas markets where similar joint venture operations will come up in the near future.
"We are looking at joint venture potentials in many overseas markets which hold potential for Dabur products. The Bangladesh JV is the first such operation of Dabur's FMCG business outside of India," he said.
Among the other markets where the prospects of starting similar JV operations have been found include the US, Britain, Pakistan, Nigeria and the Middle East
Bureau Report
He said having set for itself an aggressive growth target, the company has also identified other overseas markets where similar joint venture operations will come up in the near future.
"We are looking at joint venture potentials in many overseas markets which hold potential for Dabur products. The Bangladesh JV is the first such operation of Dabur's FMCG business outside of India," he said.
Among the other markets where the prospects of starting similar JV operations have been found include the US, Britain, Pakistan, Nigeria and the Middle East
Bureau Report