Mumbai, August 8: Every child knows about Britannia right? The one and only biscuit major Britannia is planning to start Rs.1000 Crore plant project which would be a food park at Ranjangaon in Maharashtra. Major Britannia Industries plans to set up its largest plant at Ranjangaon Food Park in Maharashtra, Company Chairman Nusli Wadia said on Monday.
"It would have the largest biscuit capacity we have anywhere having cakes, rusk, the croissant plant plus distribution depots, flour mill and a dairy plant having 700,000-litre a day capacity," Nusli Wadia said at the annual general meeting of the company.
Managing Director Varun Berry said investments would touch about Rs 1,000 crore over a period of 4-5 years, which will create employment for around 3,000 people. Initially, Britannia would be having six biscuit lines and one each for cakes, rusks and the newly-planned croissant, with a capacity of 1.2 lakh tonne a year.
"It will eventually have a flour mill as well and our first dairy back-end," he said. The flour mill would be Britannia's first such back-end integration into flour as well. "The location is ideal for a dairy as the Pune-Ahmednagar region has the highest milk productivity probably in the country," he added.
According to the company’s latest annual report, it will continue to look out for many such profitable growth opportunities to ensure that it stays ahead of the market while transforming itself into a total foods company. Wadia said that the focus of the company would be on investments on new products and cost reduction. He also said that the company was planning to set up a dairy project.