Britannia to invest Rs 300 crore to expand in Bengal

Britannia Industries is looking to invest Rs 300 crore to expand in Bengal. The expansion is in line with the company's plans to rapidly scale up operations and increase volumes in key markets, including eastern India.

The Bengal cabinet sub-committee on industries and infrastructure has given a nod to a proposal moved by the state industries department for allotting 75.35 acres of land and a 506-square-feet module to eight investors, including Britannia Industries.

Partha Chatterjee, Education Minister of Bengal, said, "A total of Rs 750 crore will be invested by eight investors. Of which, Britannia Industries Limited will invest Rs 300 crore alone."

Vinay Singh Khuswaha, Head of supply chain, Britannia Industries, stated, "We have submitted an investment proposal to the Bengal government and initial discussions following due protocol have taken place. The investment proposal is across multiple phases and across our product categories. The final approval from the state government is awaited."