McCain Foods India, a wholly-owned subsidiary of the Canadian major McCain Foods plans investment at its potato processing plant in Mehsana, Gujarat.
The company will invest another $69 million (approx Rs 372 crore) which will roll in from October 2013. The funds will be utilised in capacity expansion to meet increasing demand for frozen snacks. To meet the enhanced plant capacity, McCain Foods will be working with contracted farmers to double the acreage under potato cultivation.
Earlier the facility has been set up with an investment of nearly $35 million (approx Rs 189 crore).