Bhubaneswar: Britannia Industries Limited announced Friday an investment of Rs 94 crore for the expansion of its manufacturing plant in Khurda district. This investment will be done to cater to the growing demand for its products across multiple categories in Odisha. Britannia Industries will invest the amount mentioned to add two new manufacturing lines. It will increase the manufacturing capacity by 85 per cent from the current 35,000 metric tonne to 65,000 MT tonne per annum. Chief Minister Naveen Patnaik is scheduled to inaugurate the expansion project.
The new capacities will be operational by October, 2022. It will enable Britannia to increase production of its core brands including Marie Gold, Vita Marie Gold.
Britannia industries is committed to continuously embed sustainability into its business operations. The plant will focus on water neutrality/zero water discharge and reduce and recycle waste from its operations, a company spokesperson said.
“The investment is in line with our expansion plans to scale-up capacities of company’s core brands and augments its reach across India. Moreover, the new production lines will enable us to cater to the growing demand within Odisha. It will strengthen our presence in eastern India,” Britannia Industries MD Varun Berry said. The expansion is also part of the company’s commitment to support the state government’s vision to develop Odisha as a manufacturing hub, Berry added.
The existing facility in Odisha currently employs 700 people. After this expansion the company will additionally employ up to 450 people taking the total number to 1,150.