Manpasand Beverages is planning to invest Rs 1,500 crore to set up 10 new manufacturing plants in the country by 2020.
Dhirendra Singh, chairman and managing director, Manpasand Beverages, said, “We are planning to have a total of 16 plants in the country by 2020, and are looking to invest Rs 1,500 crore on 10 new plants.”
He added: “Our 10-year agreement with Parle-G would increase our reach from the existing six lakh outlets to 66 lakh outlets. We now plan to double our production capacity to four lakh boxes per day (each carrying 24 pieces) by setting up new plants.”
He said the company currently has six plants—three in Vadodara and one each in Ambala, Varanasi and Dehradun. The three new plants will come up at Varanasi, Sri City and Bhubaneswar.
Manpasand has so far invested nearly ₹600 crore on these plants. Its fresh investments will be on the plants to be set up in key states at an investment of ₹150 crore each and mega-plants that are planned at Vadodara, Varanasi and Sri City in Andhra Pradesh.
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