Cadbury to set up Rs 1k cr plant in Sri City SEZ
Cadbury to set up plant in state - Cadbury to set up first phase of new plant in Southern - Cadbury's largest plant to come up in Andhra - Cadbury`s largest plant in Asia Pacific to come up in Andhra -
The first phase of the four-phase project is expected to be completed by mid-2015
Hyderabad: Cadbury India, part of Mondelez International (MI), is setting up Rs 1,000 cr plant at Sri City special economic zone. This project, to be developed in four phases, will be the company’s largest manufacturing facility in Asia Pacific.
The first phase is expected to be completed by mid-2015 and final completion is scheduled by 2020.The multi-category food campus will be the largest chocolate manufacturing plant in India and the largest MI manufacturing facility in Asia Pacific, it added. “We are profoundly happy that Cadbury India has chosen Sri City to establish their largest manufacturing plant in the Asia Pacific region.
This significant investment establishes Sri City as a destination of choice for the FMCG and food industry. The location and infrastructure is well-suited to meet the demanding requirements of the industry,” said Ravindra Sannareddy, MD, Sri City. The huge investment and employment generation by Cadbury would add impetus to the economic development of the region, he added.
Cadbury India signed an agreement with Sri City to take on lease 134 acres of land for the proposed facility which is expected to create close to 1,600 direct jobs by 2020. MI President, Anand Kripalu said: "This investment will build on our success in India till date and ensure long term business sustainability."
He further said: "India is one of the priority emerging markets for Mondelez International. As leaders in the chocolate category in India and with aggressive growth plans for other categories, it heralds our commitment and intention for this market.