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Mondelez International to step up expansion plans in India

Thursday, 23 Mar 2023
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Mondelez International is looking at significantly accelerating its investments in India, with an investment plan of about Rs 4,000 crore till 2026. The infusion would be in addition to investments of Rs 1,500 crore made during 2019-22.

The fresh investments will be geared towards ramping up capacity at the existing factories, apart from strengthening warehousing, logistics, and cold-chain infrastructure, including those in the rural region. The packaged food major intends to set up new lines in its four facilities in India and for its manufacturing partners.

The packaged food major currently has four factories in Maharashtra, Madhya Pradesh, Andhra Pradesh, and Himachal Pradesh, and the move will help to grow penetration of its core categories of chocolates, biscuits and choco-bakery. India is a key market for the maker of Oreo and Cadbury, and the investments will support the consumption and volume sales to chart its growth trajectory.

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