December 2016 Current Affairs

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Mondelez inaugurates seventh plant in India

Mondelez inaugurates seventh plant in India
26 April 2016 Current Affairs: Mondelez, best known for its Cadbury chocolates, inaugurated a Rs 1,265-crore plant in Tada, SriCity, Andhra Pradesh, making it the company’s seventh manufacturing unit in the country.This was the company’s largest plant in the Asia-Pacific region and would cater to domestic and regional needs.The plant's capacity is 250,000 tonnes a year, which the company hopes to touch by 2020. The total investment is expected to reach Rs 2,300 crore by then.

Other Plant : Mondelez has invested Rs 670 crore in its six other plants in the country: two in Maharashtra, two in Himachal Pradesh and one each in Madhya Pradesh and Andhra Pradesh.

In the past few years, packaged food companies like Kellogg’s, Mars, Cargill, Coca-Cola  and PepsiCo have made significant investments in India.Data sourced from the department of industrial policy and  promotion shows yearly foreign direct investment in food processing has been consistently above Rs 2,000 crore, pointing to growing corporate interest in the sector.Domestic players like ITC and Britannia are also betting highly on packaged foods.

Mondelez : Mondelez is a multinational confectionery, food, and beverage conglomerate based in the United States which employs about 107,000 people around the world. It consists of the global snack and food brands of the former Kraft Foods Inc after the October 2012 spin-off of its North American grocery operations. The Mondelez name, adopted in 2012, was suggested by Kraft Foods employees and is a combination of the words for "world" and "delicious" in Romance languages.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
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24 NOV
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October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
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26 AUG
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25 AUG
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