Dabur Nepal eyes Bangladesh market
Dabur Nepal, a subsidiary of Darbur India and one of the leading manufacturers of fruit juices in the world, is keen to enter the Bangladesh market, provided Dhaka reduces its whopping customs duty of 80 per cent.
By PTI |
KATHMANDU: Dabur Nepal, a subsidiary of Darbur India and one of the leading manufacturers of fruit juices in the world, is keen to enter the Bangladesh market, provided Dhaka reduces its whopping customs duty of 80 per cent.
Dabur Nepal has urged Bangladesh to reduce the duty on exported juice as it is facing problem to enter the market due to its high customs duty, official sources said.
A whopping 80 per cent customs duty on fruit juice imports has affected the entry of foreign brands in Bangladesh, where four local dominate the market.
Dabur Nepal, the biggest juice manufacturer in the Himalayan nation, is capturing 58 per cent of the local market share with its Real juice brand.
Established in 1992, Dabur Nepal annually exports a variety of juice items ranging from mango, orange to pineapple, equivalent to Rs one billion and most of its consignments go to India.
"Nepal has a juice market of Rs 1 billion," says Udayan Ganguly, chief of Dabur Nepal.
Dabur Nepal has urged Bangladesh to reduce the duty on exported juice as it is facing problem to enter the market due to its high customs duty, official sources said.
A whopping 80 per cent customs duty on fruit juice imports has affected the entry of foreign brands in Bangladesh, where four local dominate the market.
Dabur Nepal, the biggest juice manufacturer in the Himalayan nation, is capturing 58 per cent of the local market share with its Real juice brand.
Established in 1992, Dabur Nepal annually exports a variety of juice items ranging from mango, orange to pineapple, equivalent to Rs one billion and most of its consignments go to India.
"Nepal has a juice market of Rs 1 billion," says Udayan Ganguly, chief of Dabur Nepal.
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