RCPL signs MoU with Maharashtra govt to invest ₹1,513 crore in food and beverage facility

Mumbai: RelANCE Consumer Products Ltd (RCPL), Reliance Industries Ltd’s packaged consumer goods branch signed a memorandum to invest with the Maharashtra government on Thursday. LaNagpur to establish a production facility for beverages and food products, 1,513 Crore in Cathol.

The Nagpur project will create employment for 500 people and will develop Maharashtra’s food processing and consumer goods industry.

Maharashtra Prime Minister (CMO) announced the announcement at the social media platform X on Thursday evening.

Also read | Corner stores to be covered with consumer goods: RCPL Krishnakumar

The State Government announced that the sum of the other mous was signed LaReal estate, technology, data centers and packaged goods production in sectors such as the state to invest more in the state on Thursday 1.08 trillion.

CM Devendra Fadnavis chaired the signature and change he witnessed by RCPL delegates.

The movement comes because RCPL is currently planning to invest in the Indian market, where drinks, floor cleaners and snacks are currently selling.

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This announced last month that it aims to reach the reliance consumer products from RIL. LaIn the next five years, 1 trillion comes from the packaged goods work.

The company plans to invest LaFor the next three years, 40,000 Crore, the company’s 48th Annual General Meeting (AGM) announcements per AI -guided automation, robot and sustainable food parks, including the largest integrated food parks, and the production capabilities for large scale infrastructure is 40,000 Crore.

RCPL EYES FMCG Leadership

“Our close -term passion is open: to be the fastest growing consumer brands company La1 trillion comes in five years. Our long -term passion is to be the largest FMCG company in India with a global presence. This will turn RCPL into a new engine for Reliance Industries, and compare it to a retail business in both size and profitability. ”

Also read | Corner stores to be covered with consumer goods: RCPL Krishnakumar

In a recent interview MintRCPL Director T. Krishnakumar said that the company, which entered the packaged consumer goods market in 2022, plans to establish food parks around the country.

“We also want to have a food park in every state. Also, we will still have a hybrid model. We work with partners producing together, but considering the work scale to be done, we will have some production to be made by us. For home and personal care, shelf life, etc.

Investments are coming because more companies plan to switch to unlawful goods in the coming decades. Approximately 60% of total retail consumption expenditures in India are still related to food.

India’s packaged comfort market is expected to reach LaAccording to Deloitte’s latest estimates, 11% compound over 22 fiscal years and 4,883 billion with CAGR). India’s total non -alcoholic beverage market is expected to grow by 6.7% annually by 2028.