fbpx
HomeNewsMars Inc bolsters up pet food production with INR 800 Crore investment...

Mars Inc bolsters up pet food production with INR 800 Crore investment in Telangana

Mars Inc, a worldwide producer of confectionery, pet food, and various other food items, has declared an investment of INR 800 crore to initiate the second phase of expansion for its facility located in Telangana.

Mars Petcare, the segment dedicated to pet food and pet healthcare under Mars Inc, operates a facility in the Siddipet district. This plant, established with a fixed capital investment of INR 200 crore, produces renowned pet food brands like Pedigree and Whiskers.

As per an official statement, this recent declaration increases Mars Inc’s cumulative fixed capital investment in the state from INR 200 crore to INR 1,500 crore. A delegation from the Telangana State, headed by Industries Minister K T Rama Rao, held a meeting with Sekhar Krishnamoorthy, the Chief Data and Analytics Officer for Pet Nutrition at Mars Inc in New York, as mentioned in the release.

Considering the swift expansion of the pet food market in India, Mars has indicated their intention to initiate the second phase of expansion for their Siddipet plant.

The Telangana government and Mars Inc have reached a mutual agreement to form a wide-ranging partnership aimed at introducing endeavors to enhance pet care and pet nutrition within the nation. The discussion during the meeting also encompassed potential collaborations, including the establishment of an extensive foundation for Mars Inc in fields like Research and Development, digital transformation, agricultural supply chains, innovation, and sustainability.

A separate release said Omnicom Group, a renowned global media, marketing, and communications company, will be setting up a large Global Capability Centre here, which would create over 2,500 new employment opportunities. The release said Rama Rao and his delegation met with Omnicom’s leadership team at New York on Thursday, it further said.

Latest articles

Nestlé targets 70% emission reduction: Strikes green transition deal with shipping giants

Teaming up with three of the "largest companies globally" in the shipping industry, Nestlé...

Indian consumers make healthier choices with two-color front-of-pack labels, new study finds

A recent study has determined that a two-color traffic light system used for front-of-pack...

Parra brings a taste of Greece to Delhi, revolutionizing the culinary scene

Parra, a branch of the Khubani family, has established its presence in Delhi, infusing...

Wonderchef records 54% YoY sales growth, aims INR 700 Crore turnover by 2024

Wonderchef, the cookware and kitchen appliances company, reported a significant 54% year-on-year sales growth...

Related Articles

Nestlé targets 70% emission reduction: Strikes green transition deal with shipping giants

Teaming up with three of the "largest companies globally" in the shipping industry, Nestlé...

Indian consumers make healthier choices with two-color front-of-pack labels, new study finds

A recent study has determined that a two-color traffic light system used for front-of-pack...

Parra brings a taste of Greece to Delhi, revolutionizing the culinary scene

Parra, a branch of the Khubani family, has established its presence in Delhi, infusing...
× Drop a, Hi?