NEW DELHI, Oct 23: Givaudan, the Swiss manufacturer of flavours and fragrances, is set to invest around Rs 368 crore (55 million Swiss Franc) in a new facility at Ranjangaon near Pune.
The facility is expected to open by early 2018 and will employ some 100 people, the company said in a statement.
It further added that the Ranjangaon facility will complement Givaudan’s existing plant in Daman.
Givaudan CEO Gilles Andrier said: “By investing CHF 55 million in this new world-class flavours facility, Givaudan is demonstrating the importance of India in its growth strategy. This is Givaudan’s largest investment in India since 1998.”
The new facility is expected to boost Givaudan’s capabilities in liquid compounding, powder blending, emulsions, process flavours and spray drying in India.
The Switzerland-headquartered Givaudan is a global leader in creation of fragrances and flavours.
In 2014, Givaudan, which has presence in over 80 locations and employs 9,500 worldwide, notched up sales worth 4.4 billion Swiss Franc. (PTI)
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