By IANS,
Kathmandu : Godrej Sara Lee (GSLL), a joint venture between India’s Godrej Group and the US’ Sara Lee Corporation, is setting up a plant in Nepal to meet the growing demand for insecticides in the Himalayan republic.
Known for its household mosquito repellent Good Knight, GSLL is planning to invest Rs.1 crore to set up the plant, according to the company’s deputy chief for international operations, Mohan Sapre.
The plant could generate about 45 percent of GSLL’s products, Sapre said at the Good Knight Dealers’ Meet here Tuesday.
GSLL products are currently marketed in more than 50 countries. It has manufacturing plants in Bangladesh and Sri Lanka as well.
Indian investors have been showing interest in doing business in Nepal despite the volatile political situation. Ranbaxy is reported to be keen on opening a manufacturing unit.
The Anil Ambani promoted Reliance Communications is said to be seeking to invest in the telecom sector.
Another Anil Dhirubhai Ambani Group (ADAG) company, Big Cinemas, entered Nepal last month.
Dabur and ITC have their factories in Nepal.