Mondelez India, renowned for its popular brands like Cadbury Dairy Milk, Oreo, and Bournvita, announced on Tuesday that it will be injecting INR 1,600 crore into the expansion of its manufacturing facility located in Sri City, Andhra Pradesh. To commemorate this milestone, the company conducted a virtual groundbreaking ceremony, graced by the presence of esteemed guests, including YS Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh, and other dignitaries.
During an earlier announcement this year, Mondelez India had disclosed its intention to invest INR 4,000 crore between 2023 and 2026 to enhance its operations in the country. This investment aims to increase the production capacity of their current factories, as well as improve warehousing, logistics, and cold-chain infrastructure. The recent INR 1,600 crore investment in the Sri City manufacturing plant is a significant component of this broader investment strategy.
“The investment will add additional chocolate-making capacity over the next three years, helping Sri City to become one of the Mondelēz International’s largest chocolate production plants globally. This investment will also create additional employment in the State,” the company said in a statement.
In a statement, Venkat Venepally, Vice-President – Supply Chain at Mondelez India said, “Our Sri City manufacturing plant has been a critical site and we are continuing to invest to expand our capacity and footprint in the state of Andhra Pradesh. Sri City not only contributes to the overall growth of our business in India but is also a model site for sustainability, new innovations and in areas like diversity and inclusion.”
