Left Menu
Development News Edition

Britannia planning new mfg units overseas

PTI | Kolkata | Updated: 09-08-2019 21:21 IST | Created: 09-08-2019 21:21 IST
Britannia planning new mfg units overseas

Britannia Industries Ltd on Friday said it is evaluating opportunities of setting up overseas manufacturing units, including in Bangladesh and other South East Asian nations. The FMCG major is also mulling domestic expansion in the eastern part of the country, Chairman Nusli N Wadia said.

"We have already set up a plant in Nepal, and are seriously looking at Bangladesh and other South East Asian countries. We are evaluating opportunities in Africa... and plan to step up our endeavour on the international side," Wadia said at the 100th AGM of the company here. Britannia Industries exports products to 70 countries.

He said West Bengal also features as one of the locations for its new facility in the east, but firming up plans in the state depends on "the facilities Bengal gives us". Later, talking to reporters, Managing Director Varun Berry said Britannia had initially zeroed in on Kharagpur in West Bengal for the plant, but the general slowdown in the economy has pushed back expansion plans for the region.

"We are setting up a second plant in Bihar, which should be commissioned in a year and a half... Next likely stop is Kharagpur, but it may take at least a year if at all that location is final," Berry said. He said the proposed facility in the east will make biscuits and "adjacent categories" and will entail an investment of around Rs 150 crore.

Elaborating on the international expansion, Berry said the manufacturing unit in Bangladesh will likely to start operations in the fourth quarter of the 2019-20 fiscal. Britannia will focus on setting foot in one new geography every year, the MD said.

The top company official also said rising raw material costs will push up prices of its products in the current fiscal. "On an average, there has been a 4 per cent general inflation in input cost... Milk prices have completely shot through the roof... We will undertake a 4-5 per cent hike across the portfolio this fiscal," Berry said.

Talking about capital expenditure, he said the company will spend Rs 1,500 crore over the next three years in its new facility in Ranjangaon, Maharashtra. The company on Friday reported a 3.64 per cent on-year decline in consolidated net profit at Rs 248.64 crore for the quarter ended June 30.

Total income during the period under review stood at Rs 2,767.8 crore, up 7.03 per cent, as against Rs 2,585.84 crore in the year-ago quarter..



South Africa's COVID-19 response: Surprising outcomes or just poor data management?

South Africa has been committed to improving its health information system and shows that a robust digital has considerable scope to improve healthcare for the entire population. But the COVID-19 pandemic has highlighted that significant ga...

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...


Latest News

NGT raps Goa government over delay in finalisation of Coastal Zone Management Plan

The National Green Tribunal has rapped the Goa government over the delay in finalization of the Coastal Zone Management Plan CZMP saying there was a continued failure on the part of the state. A bench headed by NGT Chairperson Justice A K G...

Senior Congress leader Ahmed Patel tests positive for COVID-19

Senior Congress leader Ahmed Patel on Thursday said he has tested positive for COVID-19 and has gone into self-isolation at his residence here. Announcing his infection on Twitter, he urged all those who have come in close contact with him ...

NCP leaders target UP govt after Cong convoy stopped by police

NCP leaders on Thursday criticised the Uttar Pradesh government after the convoy of Congress leaders Rahul Gandhi and Priyanka Gandhi Vadra was stopped by police while they were going to Hathras to meet the family of the Dalit gang-rape vic...

IAS officer S Aparna assumes charge as Secretary in Pharmaceuticals 

Ms S Aparna a 1988-batch IAS officer of Gujrat cadre, has assumed charge as Secretary in the Department of Pharmaceuticals Ministry of Chemicals and Fertilizers, Govt.of India. Ms Aparna has replaced Dr PD Vaghela who superannuated on 3...

Give Feedback