US-based confectionery major Hershey Co said it is likely to invest USD 50 million in the next five years to grow and expand its presence in India. The announcements came during the ongoing 3-day World Food India event here. ITC, which inked an MoU with the Ministry of Food Processing Industries, said the planned 20 new integrated facilities will produce branded food products, including Aashirvaad atta, Sunfeast biscuits, YiPPee! It inked an MoU with the Ministry of Food Processing Industries in this regard. The three-day World Food India event was inaugurated by Prime Minister Narendra Modi.

Source: dna November 03, 2017 12:45 UTC