PUNE, India--7 Jun--PRNewswire-AsiaNet/ InfoQuest
M/s. Venky's (Vietnam) Co Ltd., a wholly owned subsidiary of VH Group (Venkateshwara Hatcheries), recently inaugurated construction work on a state-of-the-art facility for the manufacture of poultry feed in the Tay Ninh Province of Vietnam. The facility is the company's first foray into the South East Asian market and will generate local jobs as well as provide quality poultry feed for local farmers.
To celebrate the construction of the new facility as well as the entry of the VH Group into Vietnam, Dr Ch. Yagna Brahmam, Resident Director of Venky's (Vietnam) Co. Ltd. organised a farmer's meet involving 300 local poultry farmers at Caravelle Hotel, Ho Chi Minh City.
The event was opened by Kuldeep Singh, Acting Consul, Consulate General of India in Vietnam. Henrique Calisto, Head Coach of the Vietnamese National Football Team, was guest of honour and event ambassador.
In his opening address, Mr Singh praised the potential offered by Vietnam's vibrant economy and welcomed the VH Group to the country. Mr Calisto told local farmers Venky's "Is a very good company and you can now all be assured of good quality feed."
The poultry feed facility is scheduled to become operational by the end of 2010 and provide jobs for approximately 100 skilled and unskilled workers in its first year of operation. When fully operational it will produce around 4500 MTs of poultry feed per month to cater to the requirements of poultry farmers in Vietnam.
Venky's (Vietnam) Co. Ltd. is also planning to establish a sophisticated poultry diagnostic laboratory in South Vietnam to provide free diagnostic and technical services to local farmers.
The farmer's meet attracted poultry farmers from provinces throughout southern Vietnam as well as agri-commodity suppliers, poultry feed dealers, Indian investors and bankers, and board of governors and members from the Indian Business Chamber in Vietnam.
The VH Group (Venkateshwara Hatcheries) is the leading Indian poultry conglomerate based in Pune. Venky's (Vietnam) Co. Ltd., with an Investment of around US$ 4 Million, will be a major stepping stone for the VH Group to strengthen its position in the South East Asian market.
Mr.Henrique Calisto is an experienced Portuguese football coach who went to Vietnam in June 2001, and has since devoted tremendous energy to Vietnamese football. He is currently Head Coach of the senior and under-23 national football teams.
About VH Group
Established in 1971, the VH Group (Venkateshwara Hatcheries) is a fully integrated poultry company in India, with a turnover of approx. USD 770 million. It provides complete poultry solutions from basic breeding to providing ready-to-eat chicken and processed egg variants. VH markets its products through the 'Venky's' brand. The Group has 26 registered companies in India and is expanding its global footprint to various locations including Switzerland, Bangladesh and other countries of the Middle East and Africa. The poultry feed plant in Vietnam project was developed under the leadership of Chairperson Mrs Anuradha J Desai and Directors Mr. Jitendra Desai, Mr. B. Venkatesh Rao and Mr. B. Balaji Rao. For more information log in to http://www.venkys.com .
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SOURCE: VH Group
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