Venky's to start feed production in Bangladesh
Indian poultry giant Venkateshwara Hatcheries Group (Venky's) launches its operations in Bangladesh by starting a feed mill in Jessore.
The $650 million conglomerate
, which claims to be the largest fully integrated poultry group in Asia, looks to produce broiler and layer feed locally, said a company statement.
The company will set up its own factory in Jessore, with an estimated monthly production capacity of 4,500 tonnes.
Uttara Foods and Feeds Private Ltd, a subsidiary of Venky’s, will produce broiler and layer feed locally, using state-of-the-art technology.
"The venture would bring in better technology and market access for the poultry industry in Bangladesh which would ultimately benefit thousands of people employed in the sector," said B Venkatesh Rao, joint managing director of Venky’s.
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