For capacity enhancement and diversification of products
Indian fast-moving consumer goods (FMCF) company Dabur has decided to make an additional investment of Rs 9.68 billion in Nepal. The Investment Board Nepal and Dabur Nepal have signed a Memorandum of Understanding for the construction, operation, and management of capacity building and product diversification projects under the private investment concept.
The Indian multinational company had sought to make additional investment in Nepal before the outbreak of the COVID-19 pandemic, but it was kept pending due to the prolonged wave in Nepal and India.
As per the proposal, Dabur Nepal, which is producing various kinds of beverages, beauty and healthcare products in Nepal, will increase its capacity enhancement and diversification.
The Investment Board Nepal is the special vehicle of the government of Nepal that has the authority of approving and facilitating any investment above Rs 6 billion in the country.
The overall contribution of Dabur Nepal in Nepal’s export trade stands at 5.35 per cent. As much as 97.5 per cent share of Dabur Nepal is owned by Dabur International Limited, while the remaining 2.5 per cent is owned by a Nepali partner.
