Mars To Invest Rs 1k Crore To Set Up First Plant In India

NEW DELHI: Mars International India, the wholly-owned arm of US-based chocolate maker Mars Inc, said it will invest Rs 1,005 crore to set up its first manufacturing plant in Pune.

The company, which has been importing its chocolate brands 'Snickers' and 'Galaxy' till now, will manufacture these two brands at its Pune plant.

This investment is a significant step in deepening Mars International India's presence and commitment to India. Mars Inc, the global leader in manufacturing chocolate, intends to invest Rs 1,005 crore through its Pune plant, Mars said in a statement.

Commenting on the announcement, Mars International India general manager M V Natarajan said: "This initiative reiterates our continued commitment to India. Chocolate industry in India is growing at nearly 20 per cent every year and we see this as a huge opportunity to expand our chocolate portfolio in the country in the coming years."
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