Haldiram Snacks to Invest Rs 300 Cr in Bihar, Signs MoU for New Plant.

Haldiram Snacks, a major player in India’s packaged food industry, will invest Rs 300 crore to establish a new manufacturing plant in Bihar, the company confirmed on Friday. The announcement came after the company signed a Memorandum of Understanding (MoU) with the Bihar government

Sanjay Singhania, Vice President of Haldiram Snacks Pvt Ltd, stated that the plant will produce a variety of products, including sweets, namkeens, bhujia, and other snacks. "We are setting up a manufacturing plant for sweets, namkeens, and snacks in Bihar, with an investment of Rs 300 crore," Singhania told PTI on the sidelines of Bihar Business Connect 2024.

The plant will be located on a 12-acre plot in Sikanderpur, Bihta, and is expected to be operational by mid-2027. This investment marks a significant expansion for the Agarwal family-promoted company, which is known for its wide range of food products.

The announcement came during the ongoing Bihar Business Connect 2024, a global investors summit organized by the state government to attract investment. The second edition of the summit has already seen MoUs signed worth Rs 1.8 lakh crore, more than three times the Rs 53,000 crore achieved in the previous year.

Founded in 1937 by Ganga Bhishen Agarwal in Bikaner, Rajasthan, Haldiram has grown to become India’s largest packaged snack and sweets company, with its products available in over 80 countries. The business was later divided between Agarwal family branches based in Delhi, Nagpur, and Kolkata. In 2022, Haldiram Snacks and Haldiram Foods International, both based in Delhi and Nagpur respectively, announced a merger to form Haldiram Snacks Food.

BS