French firm Monin launches work on 1st India plant in Telangana
By siliconindia | Thursday, 14 September 2023, 08:45:12 AM IST
Leading French gourmet flavorings company Monin launched the work on its first manufacturing unit in India on the outskirts of Hyderabad. The plant with an investment of Rs 300 crore is coming up at Gunthapally village in Sangareddy district. The unit is being built on a 40 acre land. In the first phase, the company plans to build a two lakh square feet build up area that will house the Monin India headquarters, the all-inclusive R&D center and a production unit.
This state of the art manufacturing facility will primarily cater to the Indian customer base and the neighboring South Asia markets. Telangana Industries Minister K.T. Rama Rao, Georges Monin SAS President & Chairman Olivier Monin, Monin India Pvt Ltd Managing Director Germain Araud and French Consul General in Bengaluru, Thierry Berthelot attended the groundbreaking ceremony. Heaping praise on Telangana for its business friendly environment, Olivier Monin said that before choosing Telangana, they visited eight different states but none of them had the same business spirit.
KTR noted that this will be a zero waste and zero pollution plant and is the first Monin plant in South Asia and eighth in the world. The plant will create 150 direct jobs and an additional 200 indirect jobs for the local youth of Telangana. The minister added that many companies from different parts of the world are setting up centers in the state and with the addition of Monin, Telangana's food processing ecosystem has gone a notch up. Monin, a premium French brand created in 1912, is an innovative flavoring solutions creator. Monin currently has 7 production facilities worldwide two in France, two in the US, one in Russia, one in Malaysia and one in China.
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