Manaksia Industries has received an approval for setting up a step down Subsidiary Company in Tanzania, namely BKM Tanzania, through its wholly owned Subsidiary Company i.e Euroasian Ventures FZE, for carrying out processing/trading/buy/sell/import/export etc. of agro- commodities and other related activities and authorized to make directly or indirectly an investment either by way of equity shares and/or preference shares and/or convertible debt instruments or by any other means or provide loan to the company, as may be required from time to time for the aforesaid purpose, which may extend upto sum of $3.00 Million in aggregate or such other amount as may be approved by the Board of Directors in due course. The board of directors at their meeting held on November 14, 2017 has approved for the same.
Manaksia Industries is a multi-division and multi-location conglomerate. The group specializes in the manufacture of packaging products (crowns, closures and metal containers), metal products and fast moving consumer goods, among others.
