Kolkata-based Emami Limited, a personal care and healthcare company, has acquired a 67% stake in Fravin Limited, an Australian organic cosmetics firm for an estimated $3.1 million. (Aus $4million plus) Fravin’s founder, Peter Francis, said “Emami's plans are to build a $77 million (AUS $100 million) manufacturing business out of...
Ashland opens specialties technical center in Mumbai
Global specialty chemical company Ashland has set up a technical research and development center Mumbai to support producers of personal and home care products in India and southeast Asia. The facility will focus on bringing new personal and home care innovations to market and providing technical support that may be...
Foreign CPG firms gain market share in India
India's consumer market is growing rapidly both as a result of increasing population and increasing spending power by the population. Tens of millions of Indians join the middle class each year and are ready to spend on branded toilet soap, shampoo, laundry detergent and packaged foods. With the wind in...