ICI India to enter fragrances business

By Our Staff Reporter

CALCUTTA, SEPT. 23. ICI India is all set to start flavours and fragrances business, nick named Quest, in India.

The company is at present conducting a market survey to chalk out its business plans. ICI plc had already entered this new activity worldwide.

Addressing a press conference, after the annual general meeting here, managing director, Mr. A. Narayan, said apart from Quest, the company would lay stress on industrial speciality products (Uniquema), decorative paints and speciality starch. ICI India had commissioned a 1,200 tonne per annum plant for hot melt (starch) adhesives in January.

With improved cash flow situation in the last fiscal, the company is also considering investments in a ``new business'' related to the company's present sphere of activities. The decision in this regard will be taken early next year.

The future of the existing operations depends on the global trend pursued by ICI plc.

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Section  : Business
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