Venugopal Dhoot is on a diversification spree, after televisions and LCDs its now biotech. In the next two days Venugopal Dhoot will be floating Videocon Biotech Ltd by investing Rs 50 crore.Partners have already been identified in Thailand and France and the biotech park will come up in West Bengal.
We can make a medicinal/herbal hub for the Himalayas in Siliguri and India and Thailand have a treaty for technical assistance. I have met the Thailand Prime Minister for this. Its not a big investment but its strategic one. Its about human capital, said Venugopal N Dhoot, CMD, Videocon Group.
But Videocon is still focused on its core consumer electronics business. It has already tied up with Intel and may set up chip making facilities around the world. Component hubs in Poland and China for further developing the semiconductor business, said Dhoot.
Power is another hot area for Dhoot. Two coal based plants are underway in Tamil Nadu and Goa and he''s looking at a third plant in Gujarat of 1,200 MWs. Coal supply is being worked out as are mines in Indonesia and Australia for acquisition.
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