At the inaugural ceremony (Source: baobinhduong.vn) Binh Duong (VNA) – Tata Coffee Vietnam, a member of India’s Tata Group, on March 6 inaugurated its freeze-dried coffee plant worth 65.5 million USD in the southern province of Binh Duong after 19 months of construction.
Covering 80,000 sq.m at the Vietnam-Singapore Industrial Park II in Bac Tan Uyen district, the plant has an annual capacity of producing 5,000 tonnes of coffee.
Addressing the inaugural ceremony, Indian Ambassador to Vietnam Parvathaneni Harish said the plant has demonstrated cooperative ties between Vietnam and India.
Trade turnover between the two countries increased from 7.8 billion USD in 2016 to 14 billion USD last year, of which 20 percent came from farm produce, he said.
Tran Thanh Liem, Chairman of the provincial People’s Committee, lauded the project and expressed his hope that Tata Group and Tata Coffee Vietnam will continue to invest and expand production in Binh Duong, while encouraging other firms, especially those from India, run business in the locality.
Binh Duong will work harder to improve the local investment environment and perfect its infrastructure in order to attract more investors and spur economic development, he said.
Tata Coffee is a subsidiary of Tata Global Beverages. It is Asia's largest integrated coffee company, the second largest exporter of instant coffee and foremost producer of specialty coffee in India.-VNA
VNA
