Indian consumer goods maker Videocon Industries plans invest more than 10 billion rupees ($230 million) to set up a unit in Dubai, chairman V N Dhoot said.

'The Dubai government has invited the company to set up an unit. I have agreed to set up the plant,' he said on the sidelines of a business conference.

The company has sought tax incentives and partnership with the government for the proposed venture, he said.

Dhoot said he would meet government officials next week to discuss the proposed venture, which would help Videocon tap the Middle East consumer goods market.

In 2005, Videocon acquired television tube operations of France's Thomson for $291 million and the Indian unit of Swedish firm Electrolux for $76 million.Reuters