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  Business   Companies  03 Aug 2021  Georges Monin To invest Rs 200 Cr in Telangana

Georges Monin To invest Rs 200 Cr in Telangana

THE ASIAN AGE. | RAVI RANJAN PRASAD
Published : Aug 3, 2021, 8:36 am IST
Updated : Aug 3, 2021, 8:36 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.

Tags: french fruit beverages manufacturing company, georges monin, rs 200 cr investment in telangana, olivier monin, french firm in telangana
Location: India, Telangana, Hyderabad