Business Companies 03 Aug 2021 Georges Monin To inv ...

Georges Monin To invest Rs 200 Cr in Telangana

DECCAN CHRONICLE. | RAVI RANJAN PRASAD
Published Aug 3, 2021, 8:03 am IST
Updated Aug 3, 2021, 11:36 am IST
Despite the setback due to the Coronavirus pandemic, the French company has now doubled its investment for the plant
Monin had signed an MoU with the Department of Industries & Commerce, Government Of Telangana in 2018 and announced an initial investment of Rs 100 crore to set up a plant in India. —  youtube.com
 Monin had signed an MoU with the Department of Industries & Commerce, Government Of Telangana in 2018 and announced an initial investment of Rs 100 crore to set up a plant in India. — youtube.com

Mumbai: French fruit beverages manufacturing company Georges Monin has doubled investment in its upcoming manufacturing plant in Telangana to Rs 200 crore.

"Despite the setback due to the Coronavirus pandemic, the French company has now doubled its investment for the plant, targeting completion by 2023," said a release issued by the company.

 

Monin had signed an MoU with the Department of Industries & Commerce, Government Of Telangana in 2018 and announced an initial investment of Rs 100 crore to set up a plant in India.

"With the increased investment of 200 crore, India remains a top-priority market for Monin," said Olivier Monin, chairman, Georges Monin.

The French business has since opened its wholly owned subsidiary in Hyderabad as Monin India Pvt Ltd and has acquired 40 acres of land for its manufacturing site.

It has also set up an in-house R&D centre in Hyderabad. 

 

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Location: India, Telangana, Hyderabad




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