Hon’ble Chief Minister of Andhra Pradesh, Sri YS Jagan Mohan Reddy presides over the groundbreaking ceremony of the company’s capacity expansion project
Sricity, Tirupati: Mondelez India, with a portfolio of brands like Cadbury Dairy Milk, Oreo, Bournvita, among others, today hosted a virtual groundbreaking ceremony for the expansion of its manufacturing plant at Sri City, Andhra Pradesh. The company will invest INR 1600 crore in building out new chocolate capacity to meet the rising demand in India. Sri. YS Jagan Mohan Reddy, Honorable Chief Minister of Andhra Pradesh and other dignitaries with Mr. Venkat Venepally, Vice President – Supply Chain, Mondelez India who joined the event virtually, presided over the ceremony.
The investment will add additional chocolate-making capacity over the next three years, helping Sri City to become one of MondelēzInternational’s largest chocolate production plants globally. This investment will also create additional employment in the state.
Venkat Venepally, Vice President – Supply Chain at Mondelez India said, “With a 75-year history in India, the company is proud to continue investing in the country given our growth. Our Sri City manufacturing plant has been a critical site and we are delighted to continue investing to expand our capacity and footprint in the state of Andhra Pradesh. Sri City not only contributes to the overall growth of our business in India but is also a model site for sustainability, new innovations and in areas like diversity and inclusion. We would like to express our gratitude to the Government of Andhra Pradesh for their continued partnership and look forward to building on our success in the state.” With the Sri City facility being the recipient of the World Economic Forum’s fourth Advanced Industrial Revolution (4IR) ‘Digital Lighthouse award’, this new investment will further empower the facility to enhance its focus on sustainable practices and processes.