Pet food major Mars Inc will invest ₹800 crore on the second phase expansion of its manufacturing facility in Telangana.
The announcement follows Industries and IT Minister K.T. Rama Rao’s meeting in New York with the firm’s Chief Data and Analytics Officer for Pet Nutrition Sekhar Krishnamoorthy. It will take the Mars investment in the State from ₹200 crore to ₹1,500 crore, the Minister’s office said on Friday.
Mars Petcare has a plant in Siddipet district, set up with an investment of around ₹200 crore, where it manufactures pet food under popular brands such as Pedigree and Whiskers. On December 17, 2021, the firm had signed an MoU with the Telangana government for the expansion of the manufacturing plant with an additional investment of ₹500 crore.