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Indian group to open business in Pakistan - FT Specials News - IBNLive
Mumbai: Godrej, the Indian consumer goods group, plans to establish operations in Pakistan and Myanmar, in a sign of deepening trade between India and two of its largest neighbours.
Adi Godrej, the billionaire head of the Godrej conglomerate, told the Financial Times that his 115-year-old group, which had revenues of Rs 185 bn ($3.3bn) in 2011, will begin exporting to Pakistan this year.
"We will be setting up businesses before the end of the calendar year in Pakistan," Mr Godrej said. "Pakistan is the sixth largest country in the world in terms of population, so the opportunity is reasonably good."
Mumbai: Godrej, the Indian consumer goods group, plans to establish operations in Pakistan and Myanmar, in a sign of deepening trade between India and two of its largest neighbours.
Adi Godrej, the billionaire head of the Godrej conglomerate, told the Financial Times that his 115-year-old group, which had revenues of Rs 185 bn ($3.3bn) in 2011, will begin exporting to Pakistan this year.
"We will be setting up businesses before the end of the calendar year in Pakistan," Mr Godrej said. "Pakistan is the sixth largest country in the world in terms of population, so the opportunity is reasonably good."