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Cadbury plant in Chittoor district
Highlights
Cadbury Plant In Chittoor District. Even as the political environment in the state appears gloomy, Andhra Pradesh is attracting investments also from multi-nationals and big business houses.
Hyderabad: Even as the political environment in the state appears gloomy, Andhra Pradesh is attracting investments also from multi-nationals and big business houses.
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In the recent past, the state had attracted investments from industry majors like Procter & Gamble, Johnson & Johnson, Tatas, Mahindra & Mahindra, Isuzu Motors, Greenply, Pepsi Co. and the latest addition would be Cadbury India.
Cadbury India, part of Mondelez International, has proposed to set up its largest manufacturing plant in the Asia-Pacific region at Sri City, in Chittoor district.
The company has signed a MoU with the government here on Wednesday in the presence of Chief Minister N Kiran Kumar Reddy, Major Industry Minister J Geeta Reddy and other state cabinet ministers.
The Chief Minister also participated in the ground-breaking ceremony of the plant, though symbolically in Hyderabad.
According to Cadbury India Managing Director Manu Anand, the company is targeting an investment of Rs 1,000 crore in the first phase, which will be operational by mid-2015.
The whole project will be commercially operational by 2020. The total capacity of the plant after completion would be 2,50,000 tonnes annually. The plant is coming up in Sri City in Chittoor, spreading on 134 acres.
He declined to give the total project cost due to non-disclosure policy of the company.
“We have yet to plan the total cost of the project (all the phases together), also I cannot divulge financial numbers at this point of time,” he said. The multi-category manufacturing plant is expected to provide employment to about 1,600 people at its full operations.
Anand said the plant would be fully utilised to make up the product supplies in the Indian market. “Key factors for choosing Andhra Pradesh was the favourable business environment, facilities and infrastructure at Sri City, access to a great workforce and the support of the government.
This plant will help us build on our success in India and ensure long-term business sustainability,” he said.
Expressing his happiness Kiran Kumar Reddy said, “I am happy for Cadbury choosing my native state (Andhra Pradesh) and my native district (Chittoor) to set up the plant.” He hoped that the plant would improve employment opportunities to locals, besides the company would offer remunarative prices to the farmers.
Accroding to the company estimates, the project, after attaining full operations, would consume about 10 lakh litres of milk per day and 200 tonnes of sugar. Reddy felt the milk and sugarcane farmers in the nearby locations were expected to get benefit out of this project.
Welcoming Cadbury management into the state, Geeta Reddy said that the state was sustaining its second position in attracting investment in the country.
The entire credit goes to the state’s consistent industrial policy which fixes the time-bound action, very conducive bureaucracy and offering a host of attractive incentives.
Further, keeping in view the regional balance, she revealed that the Central government had agreed in-principle to establish three National Investment and Manufacturing Zones (NIMZs) covering all the three regions.
The proposed NIMZs are expected to come up in Medak district (Telangana), Prakasam district (Seemandhra) and Chittoor (Rayalaseema).
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