Prime Minister K.P. Sharma Oli visited the Head Office of Hindustan Unilever Limited (HUL) in Mumbai on February along with his wife, several ministers, ambassador of Nepal to India, and business leaders.
He was welcomed by HUL CEO and MD. Sanjiv Mehta and Unilever Nepal Chairman Banerjee. Joint Venture Partner and Director of Unilever Nepal Ravi Bhakta Shrestha was also present on the occasion.
During the visit, PM Oli said that Nepal offers excellent opportunities for growth to industries. The policies of his government would foster growth of existing and new industries in Nepal. He added that Unilever Nepal Limited is an excellent example of how businesses have prospered and grown in Nepal and at the same time catalysed local development through direct and indirect employment.
On this occasion, Sanjiv Mehta said, “Nepal holds a lot of significance for us culturally, socially as well as in our business. Unilever Nepal happens to be one of the successful operating units among Unilever countries contributing significantly to the growth of local industry and economy.”
Unilever Nepal was established in 1992 and today it is one of the most successful industries operating in Nepal. In 2014-15, Unilever Nepal Limited’s revenue from operations stood at NPR 4.89 billion and business grew by 12 percent in a challenging operating environment. Net profit was NPR 1.03 billion and dividend per share was NPR 990, which grew 15 percent. Unilever Nepal Limited has one factory located at Basamadi village, Hetauda with 206 employees. It is supported by four job-working units which have 327 employees.