8.8.13

Cadbury's to invest 1000 crores in Andhra

Cadbury India will set up its biggest manufacturing facility in the Asia-Pacific region in Andhra Pradesh’s Sri City business hub with an initial investment of over Rs.1,000 crore. The announcement by the unit of Nasdaq-listed snacking company Mondelez International is a rare piece of good news in the midst of gloomy economic data and complaints by foreign investors about the business environment in India.
The manufacturer of Cadbury Dairy Milk, Bournvita and Oreo biscuits plans to add three more phases involving a total investment of at least Rs.2,000 core by 2020. The first phase is expected to start by mid-2015. At present, Cadbury India has its manufacturing facilities in Himachal Pradesh, Maharashtra, Karnataka, Madhya Pradesh and Andhra Pradesh. Cadbury India has signed an agreement with Sri City to take on lease 134 acres for the facility in the business city with special economic zones, domestic tariff zones and free trade and warehousing zones on the AP border, located close to Chennai. The business city now houses over 90 industrial units from 25 countries.
Cadbury India said that the multi-category food campus it is setting up at Sri City will have the largest chocolate manufacturing plant in the country.

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