India: Reliance Consumer Products to invest $127 million in Tamil Nadu

Reliance Consumer Products (RCPL), the FMCG arm of Indian retail major Reliance Retail Ventures, has announced plans to invest 1,156 crore INR ($127 million) to set up an integrated manufacturing facility in Tamil Nadu.

With the investment, a 60-acre facility will be established at SIPCOT’s Allikulam Industrial Park to produce packaged snacks, biscuits, spices and wheat flour, creating roughly 2,000 jobs over the next five years.

This investment is part of RCPL’s wider 40,000 crore INR ($4.4 billion) expansion plan over the next three years, aimed at establishing integrated food parks across India. The company has already allocated 768 crore INR ($84 million) for its first park in Kurnool, Andhra Pradesh, as well as signing a Memorandom of Understanding (MoU) with Maharashtra for a site in Nagpur.

Source: Business World