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India's Britannia to invest 3B rupees in new Bengal facility

Indian biscuit maker Britannia Industries Ltd. is likely to invest 3 billion Indian rupees to 3.5 billion rupees in a new manufacturing facility in Bengal, India, The Economic Times (India) reported Sept. 1, citing a company executive.

Bengal, according to the executive, is the third largest market for Britannia in India. It already has two sites in the province, and the western part of the region alone contributes over 7.5 billion rupees to the company's revenue.

"We are speaking to state government for scaling up here," the executive said.

Britannia is also mulling setting up cold chain infrastructure in Bengal as part of its national plan, the report added.

As of Aug. 31, US$1 was equivalent to 70.88 Indian rupees.