Britannia Industries steps up investment in Tamil Nadu to Rs 550 crore
13th Oct 2020

Britannia Industries is stepping up its investment in Tamil Nadu to Rs 550 crore. To cater to the growing demand of its products, Britannia Industries has enhanced the investment plans from earlier Rs 300 crore to Rs 550 crore in the state. The company has signed a memorandum of understanding (MoU) with the Tamil Nadu government. The proposed investment would also generate a total of 1,000 direct and indirect employment opportunities in the state. Britannia has enhanced its investment plans from Rs 300 crore to Rs 550 crore over a period of seven years in Tamil Nadu.

The proposed plant with a land requirement of 85 acres will manufacture a variety of snacking products from the company. The company is looking at an overall capital expenditure of about Rs 700 crore to set up new facilities in Uttar Pradesh, Tamil Nadu, and Bihar, while also expanding manufacturing capabilities of existing plants in Maharashtra and Odisha.

Britannia Industries, one of the India’s biggest brands of the country. More-than-a-century old Britannia has launched big brands in FMCG Segment.