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Britannia to Set up US$ 154 Million Food Park in Maharashtra
2017/11/23
Britannia Industries is planning an INR 10 billion (US$ 154 million) investment to set up a mega food park at Ranjangaon in Maharashtra, west India. The company will relocate its upcoming facility from Tamil Nadu to the proposed integrated food park in Maharashtra, while it ramps up its international business by setting up its own facilities at Nepal and in African markets. Varun Berry, man-aging director, Britannia, said that fiscal incentive was the reason for the change in location of the facility. The incentives offered by the state government are expected to give a leg-up to the cold chain industry in the state.
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