DECEMBER 20239TOP STORIESDABUR TO SET UP NEW MANUFACTURING UNIT IN SOUTH INDIAMICRON CEO ADDRESSES POTENTIAL SEMICONDUCTOR INDUSTRY GROWTHDabur, a prominent FMCG and ayurvedic products manufacturer is preparing to establish a new facility in South India within the next twelve months. This move comes as the company's business expands in the region, as stated by CEO Mohit Malhotra. During an interview with PTI, it was revealed that Dabur is currently obtaining 20 percent of its domestic sales from South India, with its business in the region having doubled in the last 5-6 years. In response to this growth, the company is now identifying gaps and usages in order to launch products customized to the markets.He added that the company, with 13 manufacturing units nationwide, is expanding its capacity to meet demand and diversifying its manufacturing activities by introducing new product lines. Dabur India, with an annual capex of approximately Rs 350-450 crore, is also looking to enlarge its manufacturing operations in international markets, specifically targeting the Middle East and Europe.Furthermore, the company is streamlining its manufacturing operations by closing down units facing tax sunsets and opening new units in preparation for the GST regime, according to Malhotra.Regarding Dabur's business in South India, Malhotra mentioned, "We have achieved significant growth in South India." Currently, it makes up 19 to 20 percent of Dabur's domestic business. This was only around 10 percent about seven to eight years ago, so the contribution from the Southern region has now doubled. On Nov 16, Union Commerce and Industry Minister Piyush Goyal met with Micron Technology CEO Sanjay Mehrotra to talk about the potential for collaboration and expansion in India's growing semiconductor industry. They discussed the vast opportunities presented by India's semiconductor ecosystem.Piyush Goyal spoke to X and said he met Sanjay Mehrotra, the CEO and President of @MicronTech. The company explored the potential for collaboration and expansion in India's growing semiconductor ecosystem, recognizing the vast opportunities it presents.In July, Mehrotra had a meeting with Prime Minister Narendra Modi in Gandhinagar, Gujarat. They talked about the US chip giant's efforts to strengthen semiconductor manufacturing in India.In June of this year, Micron Technology announced its intention to invest $825 million in a new chip assembly and testing facility in Gujarat. Over the next decade, India aims to emerge as a significant global center for semiconductor manufacturing.Meanwhile, Goyal, who is on a four-day visit to the US, also held a roundtable discussion with prominent academicians at Stanford University.
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