Japan-based baby care products manufacturer Unicharm Corporation is setting up its manufacturing facility at Sri City Special Economic Zone with an investment of Rs 250 crore.
The company which was established in 1961 at Tokyo, Japan, is one of the world's leading companies in manufacturing and distribution of baby care products, feminine care products and pet care products.
In an auspicious ground-breaking ceremony held here today, the Unicharm India formally started the construction work of its new plant. Miyabayashi, CMD, Unicharm and Kimura, MD, Unicharm India performed Bhoomi pooja and laid the first stone of foundation.
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Unicharm had signed a lease agreement with Sri City for utilising 40 acres of land for its new production facility.
The Unicharm factory at Sri City will be conceived in phases at a total investment of Rs 250 crore. The initial phase of the factory is planned to be completed by July 2015. During this phase it will offer jobs for around 400 persons. In its final phase of operation it will required 1000 persons with a preference to women workers.
Unicharm India is a wholly-owned subsidiary of Unicharm Corporation, a Japanese manufacturing company of health & hygiene products. In 2008, Unicharm set up its local head office at Gurgaon and also a production facility at Majrakath in Rajasthan.
Miyabayashi said that by 2020 Unicharm targets to have a total turnover of Rs 90,000 crore and in this direction we are expanding our business in India.
The company choose Sri City for various advantages, including its infrastructure facilities, proximity to international air and sea ports will greatly facilitates our imports and exports. Availability of extensive land at Sri City is an additional advantage for expanding our plant in phases".
Ravindra Sannareddy, Managing Director, Sri City said that a production plant of this scale will certainly create plenty of jobs to the local people. So far, about 90 companies have already set up their units during the past five years, at an aggregate investment of Rs 10,000 crore. The direct and indirect employment opportunities will greatly enhance the economic conditions of the people of this region, Reddy added.