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Britannia to invest Rs100 cr on product development

Britannia to invest Rs100 cr on product development
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First Published: Wed, Sep 19 2007. 06 35 PM IST
Updated: Wed, Sep 19 2007. 06 35 PM IST
Kolkata: Britannia Industries Ltd will invest Rs100 crore for developing new products in the year to March 2008, a senior company official said on Wednesday.
The investments will be funded through internal cash reserves of Rs400 crore, chief financial officer Durgesh Mehta told reporters after the annual general meeting.
“We will introduce new products in food segment and expand into rural areas of India,” chairman Nusli Wadia said.
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First Published: Wed, Sep 19 2007. 06 35 PM IST