Tata Consumer Products to invest ₹2,000 crore in next 5 years, signs MoU with govt

FMCG large Tata Consumer Products Ltd (TCPL) has plans to put ₹2,000 crore successful the nutrient processing manufacture successful the adjacent 5 years.

It has signed a non-binding MoU with the authorities during the ongoing World Food India lawsuit present for the investment, the Tata radical FMCG limb said successful a regulatory filing, without disclosing immoderate further details.

"As portion 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 concern of up to ₹2,000 crore implicit a play of 5 years," it said.

However, TCPL besides added that the projected concern is "subject to fiscal valuation of the idiosyncratic projects and obtaining applicable firm and statutory approvals" by the company.

Hence, the details provided whitethorn vary, TCPL said.

"Once the presumption and conditions for concern are finalised, the institution would marque due disclosures, if necessary," it said.

TCPL operates successful tea, coffee, liquid beverages, food, brackish and different segments. It owns brands arsenic Tata Tea, Tetley, Tata Salt, Eight O'Clock Coffee, Himalayan Water and emerging brands similar Tata Sampann, Tata Soulfull, Tata Gluco Plus, and Tata Water Plus.

TCPL, which was formed aft the merger of the user products concern of Tata Chemicals with Tata Global Beverages Ltd (TGBL), aims to go a starring FMCG player.

TCPL had reported a consolidated gross of ₹17,618 crore successful FY25.