FMCG major Tata Consumer Products Ltd (TCPL) has plans to invest Rs 2,000 crore in the food processing industry in the next five years.
It has signed a non-binding MoU with the government during the ongoing World Food India event here for the investment, the Tata group FMCG arm said in a regulatory filing, without disclosing any further details.
“As part of Investment Promotion Activity for World Food India 2025, the Company has, today, signed a non-binding MoU with the Ministry of Food Processing Industries, Government of India, for an investment of up to Rs 2,000 crore over a period of 5 years,” it said.
However, TCPL also added that the proposed investment is “subject to financial evaluation of the individual projects and obtaining relevant corporate and statutory approvals” by the company.
Hence, the details provided may vary, TCPL said.
“Once the terms and conditions for investment are finalised, the company would make appropriate disclosures, if necessary,” it said.
TCPL ..FMCG major Tata Consumer Products Ltd (TCPL) has plans to invest Rs 2,000 crore in the food processing industry in the next five years.
It has signed a non-binding MoU with the government during the ongoing World Food India event here for the investment, the Tata group FMCG arm said in a regulatory filing, without disclosing any further details.
“As part of Investment Promotion Activity for World Food India 2025, the Company has, today, signed a non-binding MoU with the Ministry of Food Processing Industries, Government of India, for an investment of up to Rs 2,000 crore over a period of 5 years,” it said.
However, TCPL also added that the proposed investment is “subject to financial evaluation of the individual projects and obtaining relevant corporate and statutory approvals” by the company.
Hence, the details provided may vary, TCPL said.
“Once the terms and conditions for investment are finalised, the company would make appropriate disclosures, if necessary,” it said.
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