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Britannia Industries to infuse Rs 300 cr in greenfield plant

Wednesday, 26 Aug 2020
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Britannia Industries is planning to invest about Rs 300 crore in its proposed greenfield plant in Uttar Pradesh. The company is already scouting for land in central part of the state for its proposed factory.

The project is expected to generate direct and indirect employment opportunities for 1,500 people and enrich the local supply chain of sugar and flour which are available in abundance in the state.

Britannia Industries had submitted a proposal to set up a greenfield unit in either Hardoi or Barabanki districts of the state.

The proposed plant, spanning roughly 30 acre, will manufacture a variety of confectionary products, including bread, biscuits, etc.

The company has also sought applicable sops in the form of state goods and services tax (SGST) reimbursement, capital subsidy, etc in relation to its planned investment. The project is likely to be cleared once the preliminary report by the industrial department is submitted and vetted by the government.

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