Britannia to invest Rs. 1.25bn on AP agro-processing plant

The facility will service Chennai and Bengaluru markets, which are 160km and 180km away, respectively, according to a statement from the Andhra Pradesh government

Britannia Industries Ltd will invest INR 125 crore on the first phase of a proposed agro-processing facility in the Chittoor district of Andhra Pradesh.

The facility will service Chennai and Bengaluru markets, which are 160km and 180km away, respectively, according to a statement from the Andhra Pradesh government.

Varun Berry, Managing Director of Britannia called on Andhra Pradesh Chief Minister N. Chandrababu Naidu at Vijayawada on Monday.

The first phase of the facility is expected to be commissioned by the end of 2016, Berry told Naidu.

During the meeting, Naidu also suggested Britannia to explore options in the dairy sector. “To improve dairy production, we are giving back-end subsidy on fodder cultivation,” he said.