India Inc India Inc: Monday, 13 November 2017 06:02

Tiens Group plans manufacturing unit in India

Chinese multinational conglomerate Tiens Group is planning to set up a manufacturing plant in India to make healthcare, wellness and nutritional products to tap into the huge local market potential. 

Wendy Li, Chief Financial Officer (CFO), Tiens Group, said they are planning to set up a manufacturing facility in India in the next three years as India's potential as a market is very huge. Tiens plans to have a manufacturing base in India as the country produces a large number of raw materials that would enhance the group's cost efficiency.

The company recently invested over $20 million in Vietnam to set-up a fully-owned manufacturing unit. Its commitment to India over the next couple of years would be on a similar scale.

"We wish to take the richness of Indian herbs to newer geographies and help global citizens consume them and derive benefits," Li said. 

The company is in the testing phase, where it is developing products based on Indian herbs and distributing them to key APAC locations. Currently, Tiens sources products in different segments such as healthcare and nutrition, cosmetics and skincare and household items like detergents through contract manufacturing at three facilities in India.

India Investment Journal’ has in-depth coverage on related topics.

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