CapEx News

Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers

Home   »   CapEx-News   »  

Mars Inc to invest Rs 800 crore for expansion of Telangana plant

Food Processing  -  Aug 28,2023  - 

Global pet food major Mars Inc has announced an investment of Rs 800 crore to commence its Phase-II expansion in Telangana.

The Petcare firm already has a plant with a fixed capital investment of Rs 200 crore in the Siddipet district where they manufacture pet food under well-known brands such as Pedigree and Whiskers.

The latest announcement takes the total fixed capital investment of Mars Inc in Telangana from Rs 200 crore to Rs 1500 crore.

This is after Mars Petcare signed a MoU on December 17, 2021, with the Telangana government for the expansion of their manufacturing plant in the state with an additional investment of Rs 500 crore.

State industries minister KT Rama Rao met with the chief data and analytics officer for Pet Nutrition, Sekhar Krishnamoorthy at Mars Inc in New York on Friday.

Company : Mars Inc