Left Menu
Development News Edition

Britannia planning new mfg units overseas

PTI | Kolkata | Updated: 09-08-2019 16:42 IST | Created: 09-08-2019 16:42 IST
Britannia planning new mfg units overseas

Britannia Industries Ltd on Friday said it is evaluating opportunities to set up overseas manufacturing units, including in Bangladesh and other South East Asian nations. The FMCG major is also mulling domestic expansion in the eastern part of the country, Chairman Nusli N Wadia said.

"We have already set up a plant in Nepal, and are seriously looking at Bangladesh and other South East Asian countries. We are evaluating opportunities in Africa... and plan to step up our endeavour on the international side," Nadia said at the 100th AGM of the company. Britannia Industries exports products to 70 countries.

He said West Bengal also features as one of the locations for its new facility in the east, but firming up plans in the state depends on "the facilities Bengal gives us". The company on Friday reported a 3.64 per cent on-year decline in consolidated net profit at Rs 248.64 crore for the quarter ended June 30.

Total income during the period under review stood at Rs 2,767.8 crore, up 7.03 per cent, as against Rs 2,585.84 crore in the year-ago quarter..


TRENDING

OPINION / BLOG / INTERVIEW

South Africa's COVID-19 response: Surprising outcomes or just poor data management?

South Africa has been committed to improving its health information system and shows that a robust digital has considerable scope to improve healthcare for the entire population. But the COVID-19 pandemic has highlighted that significant ga...

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Videos

Latest News

North Korea tells U.N. it has COVID-19 'under safe, stable control'

North Korea now has the coronavirus under safe and stable control, North Koreas U.N. ambassador, Kim Song, told the United Nations General Assembly on Tuesday.Thanks to the far-sighted leadership of the government of the DPRK ... the anti-e...

WRAPUP 1-HIGHLIGHTS-Tennis-French Open day three

Top seed Novak Djokovic began his quest for a second French Open title with a superb 6-0 6-2 6-3 win over young Swede Mikael Ymer on another rain-hit day at Roland Garros on Tuesday. Playing under the roof of Court Philippe Chatrier, the wo...

To UN, Israeli Prime Minister says ‘no doubt’ more Arab countries will soon join ‘circle of peace’

Opening his video address, pre-recorded due to the coronavirus pandemic, on a positive note, Mr. Netanyahu said that while the Middle East is not exactly renowned for producing good news, the recent agreements between Israel, and Bahrain ...

Sherlock Season 5 plot to focus on Sherlock Holmes’ secret sister Eurus

Fans are yet to receive the official renewal or confirmation update on Sherlock Season 5 from BBC One. The previous season achieved highly positive responses and remarkable success, which are believed to be the main reasons behind the makin...

Give Feedback