Tuesday, February 1, 2011

Reverse impact on Indian FMCG firm. from Egypt protest ..


India's trade with Egypt stands disrupted and companies such as Dabur and Marico have suspended their operations in the strife-torn African country.

   Ten Indian firms, including Wipro, Ranbaxy, IFFCO, Dabur and Marico, have their wholly-owned subsidiaries in different parts of Egypt.

Two major FMCG companies - Dabur and Marico-- said they have shut down their plants in Egypt temporally, while Emami is keeping a close watch on the situation.