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Rajshree Empires along with its South Korean joint venture (JV) partners, going to invest USD 15 million (Rs 100 crores) by 2016-17 for marketing and manufacturing cosmetics products in India.
South Korean companies and Rajshree Empires Pvt Ltd have signed the JV through their South Korean arm PLK International, 30 percent stake of Rajshree Empires has been picked up by PLK International.
The company said in a statement that “PLK through its six associates of South Korean cosmetic brands and manufacturers and its JV partner RE will be investing over USD 15 million (about Rs 100 crore) in the next two years of 2016-17 in Indian markets.”
