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Britannia to invest Rs 1,500 crore to increase mfg footprint in India
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Tuesday, 07 November, 2017, 08 : 00 AM [IST]
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Bengaluru
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Britannia Industries Ltd (BIL), India’s leading food company, will invest Rs 1,500 crore towards the expansion of the manufacturing footprint in India. The investment is expected to bolster the production of its flagship products and will also go towards setting up of an export facility in Gujarat.
The announcement was made at World Food India (WFI) 2017, which concluded at Vigyan Bhawan, New Delhi, recently. The three-day event, organised by the ministry of food processing industries, was the platform that enabled vast investment and sourcing opportunities for the entire food processing industry in the country.
“We are happy to share that Britannia is making an investment of Rs 1,500 crore over the next three years, to expanding the number of manufacturing facilities owned by us,” said Varun Berry, managing director, Britannia Industries Ltd.
“This investment reinforces our commitment to deliver delightful and innovative products to our consumers with superior manufacturing capabilities and technology,” he added.
“We are poised to leverage the environment of reforms and are committed to make in India, to feed and nourish the world,” he added.
Earlier this year, the company had announced that it would invest Rs 100 crore to revamp its premium biscuit products portfolio to boost the market share in the category from 35 per cent to 50 per cent in two years.
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