Godrej Sara Lee To Invest Rs 1 Crore To Set Up Insecticides Plant In Nepal

Godrej Sara Lee To Invest Rs 1 Crore To Set Up Insecticides Plant In NepalGodrej Sara Lee (GSLL), a JV between India's Godrej Group and the US-based Sara Lee Corporation, is establishing a facility in Nepal with the intention to meet up the increasing demand for insecticides in the Himalayan republic.

Mr. Mohan Sapre, the company's deputy chief for international operations, GSLL, which is known for its household mosquito repellent Good Knight, has decided to make an invemnet of Rs 1 crore to establish the facility.

Mr. Sapre also said that the new facility could generate around 45% of GSLL's products.

The company's products are presently marketed in over 50 nations. It has manufacturing facilities in Bangladesh and Sri Lanka as well.

Indian capitalists have been showing interest in doing business in Nepal in spite of the volatile political situation. Ranbaxy is reported to be keen on launching a manufacturing plant.

The Anil Ambani promoted RCom is also seeking to invest in the telecom zone.

Another Anil Dhirubhai Ambani Group (ADAG) company, Big Cinemas, entered Nepal in February 2010.

Dabur and ITC too have their plants in Nepal. (With Input from Agencies)