Britannia to set up its largest plant in Maharashtra

Britannia Industries, said that it will set up its largest food park at Ranjangaon near Pune.
There will be an investment of Rs.1,000 crore 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 reporters.

The plant, he said, will have six lines for biscuit manufacturing and one each for rusks and croissants. He added that plans were there for a flour mill and a dairy unit also. Britannia said it has close to 98 acres at the Ranjangaon MIDC and will add another 48 acres.

Besides, Berry said, Britannia would set up its first greenfield unit in Nepal and also commission one each at Mundra and Guwahati.

At the AGM, chairman of Britannia Industries Nusli Wadia said, that a joint venture with Greek company Chipita will come up at the food park by June 2018. Chipita is one of the leading croissant maker in the world.

Wadia said the main focus of the company would be cost saving and product innovation. He said that the company would go for consolidation of its brands in its portfolio.

Ranjangaon MIDC has attracted some of the marquee names in the consumer durables and automobile segment. The MIDC, situated off the Pune-Ahmednagar highway, is home to leading brands like LG, Whirlpool, Bombay Dyeing, ITC, Jabil and Fiat Chrysler Automobiles. The MIDC is home to over 200 small, medium and large enterprises.

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