Mars Inc., a known player, in the pet food industry, has announced its intention to invest an additional ₹800 crore in Telangana bringing its total commitment to ₹1,500 crore. This announcement came during a visit by Telangana ministers to Mars headquarters in New York. Marks the phase of expansion for the company. This move solidifies Mars’s position, within India’s food sector.
Mars Inc., a leading global player in the pet food industry, has revealed plans for a substantial investment boost in Telangana, amounting to ₹800 crore. This decision elevates their total commitment to the country’s operations to a significant ₹1,500 crore.
The announcement unfolded during a productive visit by Telangana’s IT and Industries Minister, K T Rama Rao, and his delegation to Mars Inc.’s New York headquarters last Friday.
Currently situated in the United States to explore potential investment opportunities in the Southern States, the Telangana team received insightful news from the company. The company has affirmed its intention to channel these investments into the next phase of expansion within Telangana, as divulged by a senior State government official.
Reflecting back, Mars initially channeled ₹200 crore into Siddipet to establish a production hub dedicated to pet food, featuring renowned brands like Pedigree and Whiskers. Building on this foundation, a significant milestone was achieved in 2021, when Mars forged an agreement with the State government to augment their manufacturing capabilities in Telangana. This expansion endeavor involved an additional capital injection of ₹500 crore.
Notably, the official reiterated that Mars has now communicated its intention to further amplify this financial commitment by an additional ₹800 crore.
The recent visit to Mars Inc.’s New York base enabled the Telangana delegation to engage in constructive dialogues with Sekhar Krishnamoorthy, Chief Data and Analytics Officer specializing in Pet Nutrition. The outcome of these discussions unveiled Mars Inc.’s strategic plan to initiate the second phase of expansion activities at their existing Siddipet facility.
