French gourmet flavoring company, Georges Monin SAS (Monin) has announced plans to invest ₹200 crore for its first phase of setting up a manufacturing plant in Telangana.
The French company had signed an MoU with the Telangana government in 2018 and announced an initial investment of ₹100 crore to set up a manufacturing plant in India.
The French business has since opened its wholly owned subsidiary in Hyderabad as Monin India and has acquired 40 acres of land for its construction site. It has also set up an R&D center in Hyderabad to develop new flavors and product categories.
Despite the pandemic, the French company has doubled its investment for the plant and aims to be completed by 2023.
“With the increased investment of 200 crores, India remains a top priority market for Monin,” said Olivier Monin, President of Georges Monin SAS, in a statement.
“We have come a long way since our first foray with India 23 years ago – from supplying our portfolio through a distributor, to setting up our subsidiaries and R&D center and now a complete green- Field is on a steady path toward convenience – it is nothing short of a resilient success story for our family-run business, and we have India to thank for that. “
Monin has announced its first studio in India, an experience center at The Dhan Mill, New Delhi. It is set to open by the second fortnight of August.
Germaine Araud, Managing Director, Monin India, says, “Monin brings together the knowledge of over a century of traditional artisanal drinks to cater to Indian hospitality professionals and consumers.”
.