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NEW DELHI: Herbal remedies company Mayar India Ltd is investing Rs 150 crore in setting up a manufacturing facility in Baddi, Himachal Pradesh. This is part of the company's strategy to promote and optimise the output of its Shivananda brand of herbal products.

Mayar India hopes that the new capacity will increase the brand's turnover by at least Rs 50 crore in the coming financial year.

According to Mr Abhit Sud, MD, Mayar India Ltd (Biotech Division), "Mayar India will launch a series of herbal/ayurvedic solutions which will cover the needs of every individual in the family. This new initiative will come into light by early next calendar year."

More Stories on : New Projects | Alternative Medicines

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