MUMBAI (Commodity Online):The VH Group (Venkateshwara Hatcheries) has become the first Indian company to set up a state-of-the-art poultry vaccine manufacturing facility in the Canton of Jura in Switzerland.
Working with the economic promotion agency, BaselArea, the VH Group was able to find an appropriate site in Bassecourt, in the Canton of Jura and to establish the new company in Switzerland within the shortest time possible.
The VH Group (Venkateshwara Hatcheries) is the leading Indian poultry conglomerate based in Pune. Incorporated under the name Venky’s Inc., the state of the art manufacturing facility in Bassecourt will provide a major stepping stone for the VH Group to strengthen its position in the European market.
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“One of the main reasons for us to come here is the high quality standard related to Switzerland”, said B. Venkateshwara Rao, Managing Director of the VH Group. “Thanks to the uncomplicated and efficient collaboration by all the partners of BaselArea, we were able to quickly find an appropriate site and to establish the company here.”
Provided that the approval process goes according to plan, the new production facility in Bassecourt should become operational by the end of 2011, providing up to 50 job opportunities in the region in the initial year of operation. The VH Group will produce poultry vaccines for the European, Asian and other regulated markets in Bassecourt, Switzerland.
“I am pleased to welcome the VH Group to the Basel area.”, says Dr. Franz A. Saladin, CEO of BaselArea. “The strong life sciences industry here provides an ideal home for this modern facility and we look forward to a continued collaboration with Venky’s.”
Established in 1971, the VH Group (Venkateshwara Hatcheries) is a fully integrated poultry company in India, with a turnover of approx. USD 700 million. It provides complete poultry solutions from basic breeding to providing ready-to-eat chicken and processed egg variants. VH markets its products through the ‘Venky’s’ brand. (IndiaPRWire).
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