Cadbury India Plans To Build Its Largest Asia-Pacific Manufacturing Facility In India's Andhra Pradesh State

Mondelez International's subsidiary Cadbury India said it plans to build its biggest manufacturing facility in the Asia-Pacific region in Andhra Pradesh's Sri City industrial zone. Expected to be initially worth over Rs 1,000 crore, the project breaks the long streak of depressing economic data and foreign investors' complaints about problems in doing business in the country. With the first phase expected to start by the middle of 2015, the proposed production facility is likely to be expanded with Cadbury India planning to spend at least Rs 2,000 crore more by 2020. Cadbury India already signed a lease agreement with Sri City for 134 acres, with special economic, domestic tariff, and free trade and warehousing zones provisions.