Dabur to invest Rs 400 crore in Tamil Nadu: MoU signed for manufacturing plant, will provide jobs to 250+ people

Fast-moving consumer goods (FMCG) company Dabur will invest Rs 400 crore in Tamil Nadu. The company has signed an MoU (agreement) with the Tamil Nadu government to set up a world-class manufacturing plant in Villupuram district. Tamil Nadu Industry Minister Dr. TRB Raja said – Dabur’s investment of Rs 400 crore will create more than 250 jobs. More importantly, this will open up new opportunities for farmers in the surrounding delta region to sell agricultural produce processed in this manufacturing plant. He said that Dabur is popular for its home care, personal care and juice products. Their decision to choose Tamil Nadu is a testament to our state’s thriving industrial ecosystem and the availability of ready-to-work labor force. Dabur’s stock rose 12.25% in a year
Dabur’s stock rose 1.87% today, closing at 646.20. Its stock has given a positive return of 5.93% in the last 5 days and 19.31% in 6 months. At the same time, Dabur’s stock has seen a rise of 12.43% in one year and 15.92% so far this year. The company started 140 years ago by making medicines in one room. Dabur India Limited was started 140 years ago in 1884 by Dr. S. K. Burman. Initially, Dr. Burman used to make medicines in a small house and deliver them to those who did not have access to health facilities. With time, people’s trust in its medicines kept increasing. Dabur Chyawanprash, Dabur Honey, Dabur Pudina Hara and Dabur Lal Tel are some of the popular products of the company in the personal care category including Dabur Amla and Dabur Red Paste.