India’s food major, Britannia Industries Limited has evinced interest in setting up an agro-processing facility in Chittoor district. Company’s managing director Varun Berry called on Chief Minister N Chandrababu Naidu today to discuss company’s investiment plans in Andhra Pradesh.
During his meeting with the Chief Minister Naidu, Berry said that the company was planning to commission the first phase of the project in Chittoor district with an investment of Rs 125 crore by the end of 2016.
The 120 year old company on the look out of a location in Andhra Pradesh from where it could easily cater to the markets of Chennai and Bengaluru.
Chief Minister assured him the government would finalize the site in Chittoor district .
Chief minister briefed Berry about the states plans in promoting agro based industries in the state on priority basis.
“We are focusing on agriculture and allied activities like Horticulture, livestock, fisheries, dairy and poultry whose estimated growth rate for 2015-16 is 24% with Rs 1.87 lakh crore against 1.43 lakh crore in 2014-15,” the Chief Minister said asking the company to explore its options in the area.
