Financial Daily from THE HINDU group of publications
Friday, Mar 21, 2003
Financial Daily from THE HINDU group of publications Friday, Mar 21, 2003 |
|
|
|
|
|
Agri-Biz & Commodities
-
Poultry Suguna foray into Nepal G. Gurumurthy
THE Rs 400-crore Suguna poultry group has entered into a joint venture poultry feed manufacture project in Nepal. The investment for the project, estimated at Rs 4.10 crore with a 2,500-tonne per month feed production capacity, has already been approved by the Nepal Government, according to the group sources. The Kathmandu-based company Probiotech Ltd is the co-promoter of the joint venture feed company, Sakthi Agro Mills Pvt Ltd in which Suguna will share evenly Rs 2.20 crore equity. The latter will extend its know-how in poultry feed production including the needed machinery and feed marketing. The feed would be entirely marketed within Nepal targeting the broiler and layer farms there. Nepal's poultry production accounts for a weekly placement (production) of some five lakh broilers and 1.5 lakh layers and the joint venture has sought to stake initially about 10 per cent of the market share there. The implementation of the joint venture is already on and the commercial production is expected to begin in September this year. — GGM
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|