Financial Daily from THE HINDU group of publications
Tuesday, Oct 26, 2004
Financial Daily from THE HINDU group of publications Tuesday, Oct 26, 2004 |
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Corporate
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New Projects Malaysia's CNI plans manufacturing plant in India Our Bureau
Mangalore , Oct. 25 CNI (Creative Network International), a Malaysia-based multi-level marketing company, is planning to set up a manufacturing plant in India by next year. Mr Vincent Selvarajoo, Senior Manager, Sales and Marketing, CNI Enterprise (India) Pvt Ltd, told newspersons here on Monday that the company has surveyed some places, including Hassan in Karnataka and Pondicherry, for setting up the manufacturing plant in the country. A final decision will be taken based on its consultant's advice in this regard, he said. "CNI will definitely set up a manufacturing plant in the country," he said. As the company is planning to expand its activities in Sri Lanka, Bangladesh and Nepal, India will be the manufacturing hub for its products. Stating that nearly 30 per cent of CNI Café — the ginseng coffee mix of the company — is being marketed in India, he said the company might consider manufacturing this from its proposed Indian plant. Of the 36 distribution centres of the company, 22 are situated in Karnataka. CNI India has over 4,000 distributors in Karnataka, he said. The company is also planning to increase the number of employees to 100 by 2005. CNI, which has a global business turnover of $300 million, is aiming at becoming a $1-billion company by 2010. It is planning to become a countrywide player by that year, Mr Selvarajoo said.
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