French flavoured syrup maker Monin broke ground on Wednesday for a manufacturing plant near Hyderabad, its first such in India, which will come up on 40 acres and entail an investment of ₹300 crore.
“We have been selling in India for more than 15 years now. Our growth has been steady... [it’s time now] to become an Indian. This is what we have achieved in some countries. Building a plant here in Hyderabad is a very important goal,” Georges Monin SAS president and chairman Olivier Monin said.
In an interaction exclusive to The Hindu, ahead of the ground breaking ceremony in which Industries and IT Minister K.T. Rama Rao and others participated, Mr. Monin said this highlighting the growth potential.
