HUL to invest Rs 1,000 crore for new unit in Assam

Fast moving consumer goods (FMCG) major Hindustan Unilever Limited (HUL) will make an investment of around Rs 1,000 crore for setting up a new manufacturing unit near its existing facility at Doom Dooma in Assam, a regulatory filing by the company said on Monday.

The unit is expected to be commissioned in early 2017. It will augment the production capacity of personal care products of the company.

"The investment is subject to receipt of requisite approvals and clearance," the company's statement in the BSE said.

At present, the company has a manufacturing facility in Doom Dooma Industrial Estate of Upper Assam set up in 2001 and houses three units that produce personal care products -- shampoo, skin creams and toothpaste.

"The government of Assam has been looking at attracting investment into the state by offering favourable policies that encourage and incentivise companies to set up manufacturing units. With over 15 years of operating experience in the state and considering the support from the state government and the local community, HUL has decided to set up the new manufacturing unit in Assam," the statement said.

It is also intended to encourage suppliers to establish units for packing material and it is expected that the new unit will lead to the creation of ancillary, logistics and warehousing opportunities within the region, the statement added.

--IANS

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