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Marico began its journey in the country around 20 years ago with 36 brands across 10 categories under the Parachute Advanced, Saffola, Nihar, Parachute Just for Baby, Parachute Skinpure, Parachute Naturale, Livon and Studio X franchises.

Even despite the Covid-19 pandemic, the company enjoyed good business during the last financial year as its revenue grew by 15.4 per cent and profitability increased 17.5 per cent.

With Marico showing resilience amid the second wave of infections and the government’s prudent measures in the form of movement restrictions and vaccination efforts, the company is hopeful of continuing to deliver growth in profits for its shareholders in fiscal 2021-22.

Randolph went on to say that construction on the new unit would begin as soon as Beza hands over the plot.

“We plan to accelerate the pace of development and hope to go into commercial operations by mid-2022,” she added.

Marico Bangladesh commenced exports to South Asian markets in 2018, primarily, Nepal and India.

Since last year, the company has also commenced exports to Middle Eastern markets and will look to further expand its export potential.

“We are proud to be ambassadors of “Made in Bangladesh” and enhance this equity in both domestic and international markets,” Randolph said.

Through the company’s efforts, Bangladeshi consumers can be assured of availing the best-in-class quality products, made right here in their own country.

Regarding the project’s financing, she said that their primary plan is to self-finance the project.

“We are, however, exploring other financing options as well and will avail external financing if the terms and rates are feasible,” she added.

According to the investment proposal, Marico will create 2,500 opportunities for direct employment at the new production unit.

Beza Executive Chairman Paban Chowdhury said Marico is a renowned company that is doing very well in Bangladesh and is capable of ensuring quality investment.