Jovees to invest in Sri Lanka
High demand for cosmetics:
An Indian company is exploring the possibility of setting up a
cosmetics manufacturing plant in Sri Lanka. JR Herbal Care India Limited
Business Head Rakesh Misri said as the economy stabilizes after the war,
the year ahead will flourish for the FMCG industry.
“Considering market growth and domestic conditions, Jovees will
explore more markets in Sri Lanka,” he said.
Speaking to Daily News Business at the Art of Hair and Beauty Show
organized by R.F. Asia International yesterday, he said the Sri Lankan
market is growing for the best in the FMCG industry and expects it to
Jovees has a market share of 30 to 40 percent in the Sri Lankan
market. It is expected to grow further in the future.
“We will be conducting training programs in imparting knowledge on
keeping them healthy with our products,” Misri said.
“Our products are manufactured adhering to the latest and scientific
technology derived from natural herbs.
They have invested Rs 10 million for their manufacturing units in
India to enhance the quality to the international standards.”
A new range of products especially for young people in Sri Lanka will
be introduced in the future.
JR Herbal Care India Limited is present in 15 countries including
Malaysia, Hongkong, Europe, France, Australia and Russia where its
turnover for 2009/10 was US$ 60 million.
There are 2,500 employees across India.