Naidu inaugurates Mondelez plant in Sri City
The Dollar Business Bureau Mondelez India Foods Pvt Ltd, formerly Cadbury India Ltd, inaugurated its largest plant in the Asia Pacific region at Sri City, Andhra Pradesh. N Chandrababu Naidu, Chief Minister, Andhra Pradesh, inaugurated the factory on Monday. “Built with an investment of $190 million, the multi-category manufacturing facility, initially, had the capacity to produce around 60,000 tonnes of the brand’s Dairy Milk chocolate, yearly. The production is expected to touch 2.5 lakh tonnes annually, in three phases, by the year 2020,” informed Chandramouli Venkatesan, Managing Director Mondelez India to the reporters. “Mondelez India initially plans to use the facility for domestic consumption but later make it into an exports hub in Asia,” Venkatesan said. The facility currently employs 4oo people that will ...
Employment growth is flat in India: OECD report
The Dollar Business Bureau The workforce participation rate in India is on the lower side reflecting the greater size of the informal economy and lower literacy levels, said an OECD (Organisation for Economic Co-operation and Development) Report. In its latest report, “Securing Livelihoods for All: Foresight for Action,” OECD said that In most developing regions, 80% of people feel they are struggling or even suffering in their daily lives, rather than thriving. Furthermore, emerging trends in the economy, technology, demography, environment and security could negatively impact livelihoods – defined as the ability to support oneself and thrive now and in the future – in the next decades. “The outlook for livelihoods is fragile. Emerging global trends are creating a lot ...
