Indian biscuit firm to open R&D centre
Bangalore-headquartered biscuit marker Britannia Industries has received approval from the Karnataka government on Thursday to set up a greenfield biscuits and bakery manufacturing unit on the outskirts of Bangalore.
The company will invest around Rs 100 crore to set up this unit according to the Karnataka government, reported Business Standard.
Earlier, Britannia had said that it would invest around Rs 200 crore in two to three years to set up greenfield units in various parts of the country to meet the growing demand for its products.
According to sources, the company is looking for setting up new units in Bihar and Odisha to ramp up its production base in the country.
As per government sources, Britannia will also set up a global research and development centre in this upcoming unit.
However, company officials were not available for comments on this issue.