Rossari Biotech has received approval to incorporate wholly owned subsidiary in People’s Republic of Bangladesh (Bangladesh) with an estimate aggregate Capital outlay of Bangladeshi taka 300 million (around Rs 25 crore). The wholly owned subsidiary will enable the Company to expand the market for RBL products in Bangladesh. The proposed wholly owned subsidiary to be incorporated in Bangladesh, shall carry out the business of manufacturing and sale of specialty chemicals.
Rossari Biotech is one of the leading specialty chemicals manufacturing company in India.