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Cadbury to invest $163m in new Indian factory

Confectionery brand, Cadbury, has plans to build India's largest chocolate producing factory in the southern state of Andhra Pradesh.

According to the Wall Street Journal, the facility will also be Mondelez International's (Cadbury's owner's) biggest manufacturing unit in the Asia-Pacific.

The first phase of the facility is expected to be completed by the middle of 2015, with the whole project finished by 2020, by which time close to 1,600 new jobs will have been created.

Cadbury, which already has five factories in India, is investing in the new facility as part of its efforts to capitalise on India's middle class' increasing spend on beverages and processed foods.

 

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