Moneycontrol PRO
HomeNewsBusinessCompaniesMondelez International sets up India technical centre worth $15 million in Thane

Mondelez International sets up India technical centre worth $15 million in Thane

The centre has been set up with an investment of $15 million and it is the tenth technical centre around the world.

November 01, 2018 / 18:09 IST

Mondelez International on October 31 inaugurated its global research, development and quality (RDQ) technical center in India located in Thane, Maharashtra.

The centre has been set up with an investment of $15 million and it is the tenth technical centre around the world.

It will support new products and technologies for the company’s global brands in chocolate and beverages.

India facility is a part of the company's $65 million investment in its worldwide Technical Centre network to accelerate growth and innovation.

Speaking to media at the press conference after the inauguration of the GDQ technical centre in Thane, Maurizo Brusadelli, Executive Vice President and President AMEA (Asia, Middle East and Africa) said: "Mondelez International will continue to make investments in India ahead of the curve to drive sustainable growth. Investment in Thane technical centre further emphasises on the importance of India to our global business."

Deepak Iyer, Managing Director, Mondelez India Foods, said that innovation plays a crucial role as the company accelerates consumer-centric growth across both global and local heritage brands.

“The Thane Centre will collaborate on innovations with multiple countries within the company network,” Iyer added.

The Thane technical centre is spread across an area of 12000 sq meters which will be equipped with multiple technical capabilities, such as pilot plant, a packaging creative studio, and a range of laboratories for technical research and development.

Mondelez India Foods Pvt Ltd, formerly Cadbury India has been present in India for over 70 years.

The company introduced the iconic Cadbury Dairy Milk and Bournvita in India in 1948 and since then has been a leader in the chocolate category with a market share of 65 percent.

Part of Mondelez International, the company operates in the chocolate, beverages, biscuits, and candy categories in India with popular brands like Cadbury Dairy Milk, Cadbury Dairy Milk Silk, Cadbury Gems, Cadbury 5 Star, Tang, Cadbury Oreo, Halls, among others.

India hub joins nine other Mondelez International technical centres that are already in operation, including—East Hanovar, New Jersey, in the United States; Curtiba in Brazil; Bournville and Reading, both in the UK; Wroclaw in Poland; Singapore; Suzhou in China; Saclay in France and Munich in Germany.

Himadri Buch
Himadri Buch
first published: Oct 31, 2018 05:49 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347