Indian FMCG major Dabur India Ltd. has announced the commencement of operations at its new plant in Nigeria.
Set up at a cost of $4 million (Rs16 crore, or 480 million Naira), the plant will initially manufacture a range of toothpastes for the African market, before venturing into skincare and household products.
Sunil Duggal, CEO, Dabur India, was upbeat about the company's prospects in Nigeria, calling it ''one of the fastest growing overseas markets for Dabur.''
Dabur started its operations in Nigeria in 2004, with the setting up of African Consumer Care Ltd., a joint venture between Dabur International Ltd that holds a 90 per cent stake in the venture, and Dabur UK, which is the minority shareholder.
African Consumer Care Ltd has set up the plant.