VLCC, an Indian wellness brand, aims to invest about Tk 140 crore in Bangladesh by 2016 in a bid to grab the growing beauty and health care business.
The company wants to strengthen its footprint in every category of the wellness sector by opening more beauty and sliming centres and establishing vocational training institutes.
“We want to pour funds into the wellness sector to transform Bangladesh,” Vandana Luthra, founder of VLCC, said in an interview with The Daily Star in Dhaka on Monday.
“Bangladesh is an interesting market for us as peoples here are becoming more conscious about healthcare with a rising per capita income,” said the 55-year-old.
VLCC has already established a factory in the BSCIC Industrial Area in Jamalpur with about Tk 61 crore—the company’s first in South Asia, outside India.
The company has set aside about Tk 200 crore for investments since it launched its operations
Article source: http://www.thedailystar.net/business/indias-vlcc-to-invest-tk-140cr-for-beauty-healthcare-in-two-years-10931