Venkateshwara Hatcheries that markets the well-known Venkey's chicken brand has forayed into the South-East Asian markets by opening a poultry feed manufacturing unit in Vietnam.
The unit, set up at an investment of Rs 17.6 crore, will be managed by Venkey's (Vietnam) Co. Ltd, a wholly owned subsidiary of the Pune-based Venkateshwara Hatcheries.
"This is a major stepping stone for the company. With this we will be able to strengthen our position in the South-East Asian Market. The unit will be operational by the end of this year," the VH group joint managing director and managing director of Venkey's (Vietnam), B Venkatesh Rao, said in a press release.
The plant would produce around 4,500 tonnes of poultry feed a month to cater to the requirements of the farmers in Vietnam and was looking at providing job opportunities to around 100 skilled and unskilled personnel in the region in the initial year of operation, the release added.