Tata Global Beverages is planning to set up a new tea packaging unit at Tata Steel Special Economic Zone in Odisha.

An aggregate investment of around Rs 100 crore is expected to be made by both the companies for setting up this new unit over a period of time.

The company has entered into a letter of intent (LoI) with Tata Steel Special Economic Zone, a wholly-owned subsidiary of Tata Steel for setting up a tea packaging unit in Gopalpur Industrial Park, Odisha.

The facility will be used for the operation of manufacturing and storage of tea and also as warehouse of all products of the company, including its subsidiaries, associates and joint-venture companies.

The LoI was exchanged on 12 November 2018 during the Make in Odisha conclave in Bhubaneshwar.

The estimated scalable capacity of the new unit is expected to be 36 million kg per annum. The unit will be operational by 2020, post all statutory and regulatory clearances.