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

Agreeing with Natarajan, Mars Chocolate Asia Pacific regional president Ehab Abou-Oaf said: "India is a high priority market for Mars. We are here because we have a long term view of business in India....We hope to capitalise on that through this manufacturing plant. We are excited to have invested in a highly potential market like India which is poised for further growth."

The company on Wednesday signed a Memorandum of Understanding with the Maharashtra government at the Vidhan Sabha in Mumbai.

Mars said that the investment is "expected to generate direct employment opportunities for over 200 people and indirect employment opportunities to over 1,000 people, and bringing in the relevant know-how, operational excellence and global best practises."
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