Emami is planning to rethink about setting up a manufacturing unit in Egypt because of the prevailing volatile economic and political situation. The company had earlier planned a unit in Egypt for manufacturing its personal and healthcare products to cater to the African and parts of European market by the end of this fiscal and had invested about Rs 8 crore on the proposed unit.
The entity’s manufacturing facility in Bangladesh commenced operations and will go full steam by early next fiscal. The FMCG major is also planning to increase product prices by 4-5% in the current quarter. This price hike is on the back of nearly 6% rise in prices since the beginning of this fiscal.
