Wednesday, 23 August 2017

 

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Indian FMCG Britannia Industries is planning to build a new plant at a mega food park in Maharashtra.

"There will be an investment of Rs 1,000 crore (aprox. USD10bn) at the Ranjangaon food park over a period of four to five years, with an employment potential for 3,000 people", MD of Britannia Industries Varun Berry told Indian press. 

The plant would have six biscuit lines, and one each for rusk and croissant, he said, adding that plans were there for a flour mill and a dairy unit also. 

The company would make a capital expenditure of Rs 400 crore (aprox. USD40bn) in the current fiscal year, he said. 

Britannia already had 98 acres there and another 48 acres would be added, Berry said. 

In addition, Britannia would set up its first greenfield unit in Nepal, he added, besides commissioning two plants, one each at Mundra and Guwahati.

Earlier at the AGM, chairman of Britannia Industries Nusli Wadia said that a joint venture with Greek company Chipita is under consideration to be commissioned in June 2018. 

World Bakers has reached out to Britannia and will update when more information become available. 

Related articles: 

Britannia Industries to Establish Production Plant in Nepal 

Grupo Bimbo Enters Indian Market 

DuPont Launches New Range of Ingredients for Pre-packaged Rotis in India 

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