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Saturday, Sep 30, 2006

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Godrej Ind plans to develop SEZs

Our Bureau

Mumbai , Sept. 29

Godrej Industries plans to develop a portion of its own land into a couple of Special Economic Zones (SEZ), said Mr Adi Godrej, Chairman, the Godrej group. One of them could be an IT SEZ, he added.

Godrej Industries is looking at acquisitions in China among other major developing countries in the personal and household care segment. "There is a lot of activity in this segment in China coupled with good technology and we plan acquisitions there," said Mr Godrej. Companies in countries like Egypt. Indonesia, Pakistan, Brazil, Bangladesh, Nigeria, Mexico are also being looked into. Mr Godrej did not give any details.

Last year the company invested nearly Rs 400 crore in acquiring the Indian company Nutrine, Rapidol in South Africa and Keyline Brands Ltd. in UK.

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