Jagaran Chakma

Marico Bangladesh is set to invest Tk 227 crore to establish a new manufacturing unit at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai, Chattogram as a part of its efforts to catch a greater share of the growing market for fast-moving consumer goods.

A land lease agreement between Marico Bangladesh and the Bangladesh Economic Zones Authority (Beza) to hand over a 10-acre plot for the project will be finalised today.

This will be the company’s third manufacturing unit in Bangladesh.

“Through this investment, we will expand the production capacity of our existing product lines,” said Christabel Randolph, director of legal and corporate affairs at Marico Bangladesh.

Marico manufactures a range of baby care, skin care and male grooming products under brands such as Parachute Just for Baby, Parachute Skinpure and Studio X in addition to its heritage brands Parachute Coconut Oil, Parachute Advanced and Saffola Active Edible Oil.

“Almost 99 per cent of our product portfolio is manufactured in Bangladesh and we cater to both domestic and international markets from our existing factories in Gazipur,” Randolph said.

“This fresh investment will enable us to better serve our consumers and supplement our endeavors to manufacture world-class products in Bangladesh,” she added.