Mondelez India’s Chocolate Expansion a Sign of Confidence in Indian Market

The packaged food company Mondelez India announced on Tuesday that it would invest Rs. 1,600 crores to increase the production of chocolate at its current manufacturing facility in Sri City, Andhra Pradesh. The action is intended to meet the rising demand for its brands, including Cadbury Dairy Milk.

Investment reflects company’s long-term commitment to India

Over the next three years, the chocolate manufacturer’s investment will increase Sri City’s capacity for producing chocolate, making it one of Mondelez International’s largest chocolate production facilities globally. According to a statement from the company, this financial commitment will also lead to more jobs in the state, making it India latest business news.

The company’s previously disclosed Rs. 4,000 crore investment in the nation includes the expansion. The company that makes Bournvita and Oreo cookies announced in March 2023 that it would invest more money over the following four years in increasing manufacturing capacity, adding more warehouses, and installing cold-chain facilities as it anticipated rising demand among consumers for its chocolates and also cookies, based upon business news latest India.

“Given India’s growth over the past 75 years and the company’s proud history there, we will continue to invest here. We are thrilled to keep investing to increase our production capabilities and footprint across the state of Andhra Pradesh. Our manufacturing facility in Sri City has been a crucial location. According to Venkat Venepally, vice president of supply chain at Mondelez India, Sri City “not only contributes to the broad development of our business in India but also serves as an example site for sustainability, novel developments, and in regions like diversity and inclusion.”

In 1948, Cadbury India Ltd.—now known as Mondelez India Foods Private Ltd.—brought Bournvita and Cadbury Dairy Milk Chocolate to India. The business operates in India’s chocolate, beverage, biscuit, and candy industries as a division of Mondelez International. In addition to a global R&D technical center and an international trade hub in Maharashtra, the business also has manufacturing plant locations in the states of Madhya Pradesh, Himachal Pradesh, Andhra Pradesh, and Maharashtra.

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