Dabur to spend Rs 550 cr on new MP plant in largest location-wise exposure

The firm has secured 51 acres of land and begun construction work for the initial phase, which is to be completed within the current financial year

Leading fast moving consumer goods major Dabur India is setting up a new plant at Madhya Pradesh with an estimated total investment of Rs 550 crore. It is the largest investment in a specific location for the company till date, the Ghaziabad-based firm said today.

The firm has already secured a 51 acre land parcel and begun construction work for the initial phase, which is scheduled to be completed within the current financial year. Apart from the recently launched production linked incentive (PLI) scheme for the food processing sector by the union government, Dabur has availed the state government’s Mega Projects