Mondelez India to expand its manufacturing plant in Andhra Pradesh

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Snacks company Mondelez India is expanding the capacity of its manufacturing plant in Sri City in Tirupati district and Andhra Pradesh Chief Minister YS Jagan Mohan Reddy participated in the groundbreaking ceremony on Tuesday.

With an investment of Rs 1,600 crore, the project, which was first announced during the Global Investors Summit (GIS) in Visakhapatnam, is now taking off.

“The company will invest Rs 1,600 crore in building a new chocolate factory to cater to the growing demand in India,” an official from Mondelez India said in a press note.

Over the next three years, additional chocolate-making capacity will propel Mondelez’s Sri City factory to emerge as one of the largest production plants globally and create jobs locally.

Mondelez, which makes products such as Cadbury milk, Oreo biscuits, Bornvita and others, has been in business in India for 75 years, said Venkat Venipali, vice president of supply chain at the company.

Besides Mondelez, the Chief Minister also laid the foundation stone for a groundnut processing unit in Chijichrala village in Dharmavaram in Sri Sathya Sai district and three tomato processing units.

The groundnut processing unit is operating under a plug and play model with an investment of Rs. 75 crore and will support the production of oil, peanut butter, candied peanut bars, roasted peanuts and oil cake.

Equipped with a capacity of 55,620 metric tons, the unit will provide employment for 200 people.

Tomato processing units are being set up at Kalyandurgam and Kundurpi mandals in Anantapur district and Chennekothapalli in Sri Sathya Sai district.

To be built at a cost of Rs 5.5 crore per unit, these processing units will have a capacity of 3,600 tons per annum, benefiting 3,588 farmers to sort, wash, dry and separate 1.5 metric tons of tomatoes per hour among others.

Moreover, the Chief Minister opened 43 cold storage facilities and 421 collection centers which were built at a cost of Rs 63 crore to provide improved post-harvest facilities to farmers.

Reddy also opened four primary processing centers under the vegetable process for tomatoes, a millet processing unit and 100 solar drying units for onions under the category of fine industries.

(Only the title and image for this report may have been reworked by the Business Standard team; the rest of the content is generated automatically from a shared feed.)