Greek firm Chipita to set up Rs. 600 crore plant at Sanand

Ahmedabad, 7 June 2014

Greek confectioneries, croissants and cakes maker firm Chipita is likely to invest Rs. 600 crore for its second agro-food products plant in India and 19th plant in world at Sanand near Ahmedabad according to an Indian Express report quoting sources in government. The 28,000 square meters plant will be set up at Bol GIDC in Sanand for which land has been allotted. Earlier a Swiss dairy Nestle India had bought 50 acres of land spending over Rs. 87 crore for its plant in Sanand.