After Bangladesh, Dabur India is eyeing Pakistan for establishing an equity joint venture with a local company Fisher and Mul, in line with plans to go global.
In the Pakistani JV, Dabur is expected to hold majority stake and the holding pattern could be 74:26, as in the case of the Bangladeshi venture with local company Advanced Chemical Industries, sources said in New Delhi on Wednesday.
A high-level delegation of senior Dabur India officials is expected to visit Pakistan shortly to settle JV details, sources said, adding the acquisition of majority stake in the JV may be routed through Dabur International.
While it was not clear what all products the new JV will manufacture in Pakistan, given the company's thrust on fast moving consumer goods, it is likely to use the Pakistani venture for hair oils, oral care and similar products.
Late last year, the company had said it was looking at JV possibilities in several countries like US, Britain, Pakistan, Nigeria and the Middle East to expand operations, specially in the FMCG category of products.
In United States, the company is believed to be looking for distribution alliances whereas in Britain it was keen on forging an equity JV.
Besides JV operations, Dabur India has subsidiary operations in Nepal and Egypt.
