Indian poultry giant Venkateshwara Hatcheries Group (VH Group) has launched its operations in Bangladesh.
The $650 million conglomerate, which claims to be the largest fully integrated poultry group in Asia, looks to produce broiler and layer food locally, said a company statement.
Uttara Foods and Feeds Private Ltd, which is a concern of VH Group, will produce broiler and layer food locally, using state-of-the-art technology. The company will also set up a factory in Jessore, with an estimated monthly production capacity of 4,500 tonnes.
“The venture would bring in better technology and market access for the poultry industry in Bangladesh which would ultimately benefit thousands of people employed in the sector,” said B Venkatesh Rao, joint managing director of VH Group.
VH Group was the first company in India to start using specific pathogen-free eggs and also pioneered the concept of parent franchisee operations, popularised cage farming, and introduced for the first time in India, the concept of inactivated and combination vaccines.