Britannia Industries will invest Rs 1000 crore at its proposed largest plant at the Ranjangaon food park in Maharashtra.There will be an investment of Rs 1000 crore at the Ranjangaon food park over a period of four to five years with an employment potential for 3000 people.

The plant would have six biscuit lines, and one each for rusk and croissant, the plans were there for a flour mill and a dairy unit also. The company would make a capital expenditure of Rs 400 crore in the current fiscal year.

Besides this, Britannia would set up its first greenfield unit in Nepal and commissioning two plants one each at Mundra and Guwahati. Post completion of all the plants, total biscuit manufacturing capacity would be 13 lakh per annum. 

Chairman of Britannia Industries Nusli Wadia said that the JV with Greek company Chipita would come up at the food park and be commissioned in June 2018. 

He said that the company had been to gain market share year-on-year making it the leader in the country. Wadia said the main focus of the company would be cost saving and product innovation. He said that the company would go for consolidation of its brands in its portfolio.

He said that despite being a tough year due to demonetisation, the company performed well. On GST, he said there was no impact on the company.