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Givaundan going to invest Rs 368 crore in new Pune facility

The Swiss manufacturer of flavours and fragrances, Givaudan, is going to invest around Rs 368 crore (55 million Swiss France) in a new facility at Ranjangaon near Pune.

According to a company statement, the facility is expected to open by early 2018 and will employ around 100 people. It said further that the Ranjangaon facility will complement Givaudan’s existing plant in Daman.

Gilles Andrier, CEO at Givaudan said “By investing CHF 55 million in this new world-class flavours facility, Givaudan is demonstrating the importance of India in its growth strategy. This is Givaudan’s largest investment in India since 1998.”

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