Greek snack-maker Chipita invests Rs. 600 cr in Sanand.

Greek snack manufacturer - Chipita - is the latest to make a foray into Sanand in Gujarat. This company from the Mediterranean region is in to confectioneries, croissants and cakes and has invested over Rs. 600 crore in Gujarat's auto-hub that is fast turning into a snack-hub consisting of FMCG majors like Nestle, Colgate Palmolive and Rasna.

The plant at Sanand will be the company's second manufacturing unit after the one in Mumbai. Chipita that produces and markets single serve croissants, mini croissants, cakes, bake rolls, confectionery, jams, potato chips and extruded snacks in different locations across the globe will be 3.04 lakh square feet of land (28,000 square meters) at Sanand, sources in the Gujarat government told The Indian Express.

'Chipita has been allotted the parcel of land in Bol GIDC at Sanand. They would be manufacturing agro-food products including those made from cocoa,' said a senior official of the Gujarat government.

It is one of the biggest multinational companies to set up base FMCG space to enter Sanand after swiss-diary Nestle India bought about 50 acres of land (34.83 lakh square feet) in the auto-hub. Nestle has spent over Rs. 87 crore on just buying land in Sanand.

Indian Express