The prominent French gourmet flavorings company, Georges Monin SAS, has secured an investment of INR 300 crore to establish its eighth global manufacturing facility and establish its Indian headquarters in Hyderabad.
The INR 300 crore investment marks the initial phase of the project, which is set to occupy 40 acres of land in Gunthapally, Sangareddy. This development is anticipated to generate approximately 100 new job opportunities, as confirmed by Monin President Olivier Monin during Wednesday’s announcement. It’s worth noting that Hyderabad is already home to the company’s 111-year-old legacy, housing 60 employees engaged in research and development as well as sales and marketing functions.
The groundbreaking ceremony for the facility took place on Wednesday, and it is projected to be fully operational by the close of 2025. This facility will specialize in the production of syrups, fruit mixes, and crush products, primarily serving the HORECA (hotels, restaurants, and cafes) segment.
In Phase-1, Monin is set to construct a facility spanning over 2 lakh square feet. This facility will serve as the home for Monin’s Indian headquarters, alongside accommodating its R&D center and manufacturing unit. Its primary focus will be to cater to the demands of both the Indian and South Asian markets.
Approximately 90% of the production will be directed towards the Indian market, with the remaining portion destined for Sri Lanka, Bangladesh, and Nepal, as elaborated by him.
While Monin refused to divulge production capacity details, he said, “once ready we will be able to produce 5-7 times what we are selling in India currently. For the company, India represents about 5-7 percent of global sales but within the next 7-10 years it should reach around 20 percent of our global sales.”
Stating that their current revenue from India is INR 100 crore, he mentioned that Monin is now concentrating on developing flavors specifically tailored for the Indian market.
During the event, IT Minister KT Rama Rao encouraged Monin to consider making the facility a central hub not only for South Asia but also for the Middle East and South East Asia, while also exploring the possibility of increasing their investment beyond INR 300 crore. He noted that with Monin’s participation, Telangana’s food processing ecosystem has reached a higher level, adding to the growing list of investors in the state.