Biotique ready to invest 450 cr for biz expansion
The Dollar Business Bureau Bio Veda Action Research Pvt Ltd, which sells herbal and Ayurvedic cosmetic products under the brand name Biotique, is planning to invest Rs.200 crore to double its capacity by setting up new plants in Himachal Pradesh and in the North-east, revealed an official of the company. To further expand its presence in retail space, the company will increase the number of standalone stores in the country from 10 to 100, this financial year 2016-2017, said Vinita Jain, Chairperson and Managing Director at Bio Veda Action Research. In order to achieve that the company will invest Rs 250 cr in its standalone stores and also strengthen its sales and marketing divisions in India. The proposed target of achieving 100 ...
