sector projects by Britannia Industries Limited in
Project Information
6788
Britannia Industries Limited
Britannia Industries Limited has expressed its interest in setting up an agro-processing facility in Chittoor district of Andhra Pradesh.
Varun Berry, Managing Director of the FMCG major called on Chief Minister N. Chandrababu Naidu at Vijayawada today and outlined the company plans to commission the Phase I of the project in Chittoor district with an investment of Rs. 125 crore by the end of 2016.
Responding to Berry that the company was seeking to zero-in on a location to serve Chennai and Bangalore markets, the Chief Minister said they could consider locating the unit in the Chittoor district as it allows the company to serve both the markets. He suggested the company could explore options in the dairy sector.
Berry informed the Chief Minister that 75 per cent of the company’s business comes from biscuits while the remaining in from cakes, dairy and rusk.
During the meeting, the Chief Minister explained the advantages in Andhra Pradesh and said, “We are focusing on agriculture and allied activities - horticulture, livestock, fisheries, dairy and poultry whose estimated growth rate for 2015-16 is 24 per cent with Rs. 1.87 lakh-crore against Rs. 1.43 lakh-crore in 2014-15.”
n Andhra Pradesh, the Chief Minister said, the Government is working to strengthen the Self-help Groups (SHGs). “To improve dairy production, we are giving back-end subsidy on fodder cultivation,” he said.
Andhra Pradesh has the advantage in the fisheries sector, the Chief Minister said, continuing the state stands at the top in shrimp production and wants to lead in exports of sea-food
Project Value
INR 125 Crore /-
Planning
Andhra Pradesh
India
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