Sector News

Mars Inc set to open first chocolate factory in India

March 16, 2015
Food & Drink
(Reuters) – Mars Inc said on Wednesday it is on track to open its first chocolate plant in India, where its popular Snickers and Galaxy bars will be made to meet growing demand.
 
Mars International India, a wholly owned subsidiary of Mars Inc, signed a memorandum of understanding with the Maharashtra government in Mumbai for a $160 million plant in Pune, Maharashtra.
 
The “chocolate industry in India is growing at nearly 20 percent every year and we see this as a huge opportunity to expand our chocolate portfolio in the country in the coming years,” said MV Natarajan, general manager of Mars International India, in a release.
 
Mars India currently imports chocolate and manufactures its Pedigree and Whiskas pet care products.
 
U.S.-based Mars Inc is the third biggest confectionery business globally behind Nestle SA (NESN.VX) and Mondelez International, the maker of Cadbury, according to Euromonitor International (MDLZ.O).
 
(Reporting by Marcy Nicholson; Editing by Leslie Adler)

Join the discussion!

Your email address will not be published. Required fields are marked *

Related News

November 27, 2020

“Nutritionist in your pocket”: Lumen’s portable device measures metabolism through breathing

Food & Drink

Lumen is a handheld, portable device and app that measures users’ metabolism in real-time. The company is picking up momentum thanks to an entrance on the UK market.

November 27, 2020

“Conscious Indulgence” touted by FrieslandCampina Ingredients as top global trend

Food & Drink

FrieslandCampina Ingredients is spotlighting “Conscious Indulgence” as a key global trend in its latest report, followed by “Shaping A Better World” and “Experience Beyond The Imagined.”

November 27, 2020

UK and Ukraine register first zero-waste city pledges as single-use culture shifts

Food & Drink

Derry City in Northern Ireland and Lviv in Ukraine are formally committing to zero-waste. The zero-waste model keeps resources and products in use for as long as possible.

Send this to a friend