Tata Consumer to invest Rs 2,000 cr in food processing over 5 yrs
Mumbai: FMCG major Tata Consumer Products Ltd (TCPL) said it plans to invest up to Rs 2,000 crore in the food processing sector over the next five years.
The Tata group company announced the commitment after signing a non-binding memorandum of understanding (MoU) with the Ministry of Food Processing Industries during the ongoing World Food India event in New Delhi.
“As part of Investment Promotion Activity for World Food India 2025, the Company has, today, signed a non-binding MoU with the Ministry of Food Processing Industries, Government of India, for an investment of up to Rs 2,000 crore over a period of 5 years,” TCPL said in a regulatory filing.
The company clarified that the proposed investment will depend on the financial viability of individual projects and approvals from its board as well as statutory authorities.
“Once the terms and conditions for investment are finalised, the company would make appropriate disclosures, if necessary,” it added.
TCPL, which markets products across categories such as tea, coffee, liquid beverages, salt and packaged foods, owns well-known brands including Tata Tea, Tetley, Tata Salt, Eight O’Clock Coffee, Himalayan Water, Tata Sampann, Tata Soulfull, Tata Gluco Plus and Tata Water Plus.
Formed after the merger of Tata Chemicals’ consumer business with Tata Global Beverages, TCPL has been expanding its footprint in the FMCG space with an ambition to become a leading player.
The company reported consolidated revenue of Rs 17,618 crore in FY25.
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