MDH eyes 20% growth in FY 09; to set up unit in Dubai
Leading manufacturer of blended spices MDH on Sunday said it is eyeing a 20 per cent growth in revenues this fiscal, as it plans to set up a unit in Dubai.
By PTI |
JAIPUR: Leading manufacturer of blended spices MDH on Sunday said it is eyeing a 20 per cent growth in revenues this fiscal, as it plans to set up a unit in Dubai.
The company posted a turnover of Rs 252 crore in 2007-08 and hopes to clock a 20 per cent growth in the current fiscal, MDH founder Mahashay Dharmpal told reporters here today.
He said the company was looking at exports of Rs 15 crore in 2008-09 and would be setting up a unit in Dubai.
"The unit would manufacture over 100 products and make initial sales of Rs 7 crore," he said adding that raw material for the Dubai unit would be exported from India.
The company is also setting up two cold storages and a processing unit at Nagaur in Rajasthan, he said.
The company posted a turnover of Rs 252 crore in 2007-08 and hopes to clock a 20 per cent growth in the current fiscal, MDH founder Mahashay Dharmpal told reporters here today.
He said the company was looking at exports of Rs 15 crore in 2008-09 and would be setting up a unit in Dubai.
"The unit would manufacture over 100 products and make initial sales of Rs 7 crore," he said adding that raw material for the Dubai unit would be exported from India.
The company is also setting up two cold storages and a processing unit at Nagaur in Rajasthan, he said.
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