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Business EconomyPosted at: Mar 12 2024 1:46PM


Mane Group announced Rs 200 cr investment for flavors & fragrance manufacturing plant near Hyd

Hyderabad, Mar 12 (UNI) Mane Group, a leading player in the Flavors and Fragrance sector based in France, has declared a strategic expansion with a substantial investment of Rs 200 crores in its upcoming manufacturing facility dedicated to savory and snack flavors, situated near Hyderabad.

This significant move is in response to the current saturation of production capacity at Mane Group's existing Dundigal plant in Telangana, operational since 2003. The decision highlights the robust demand for savory and snack flavors in the region.

Expressing his excitement about this transformative venture, Jean Mane, President of Mane Group, emphasized the company's commitment to blending tradition with innovation for exceptional sensory experiences. He stated, "At Mane, we believe in blending tradition with innovation to create exceptional sensory experiences. Mane India's strategic investment in Hyderabad represents our dedication to fostering growth, delivering excellence, and contributing to the vibrant culinary tapestry of the region."

The Rs 200 crore investment will be utilized to establish a world-class facility equipped with cutting-edge technology and modern infrastructure, ensuring the production of high-quality flavors meeting global standards. This substantial financial commitment underscores Mane India's dedication to expanding operations, with the new plant expected to triple production capacity to meet the diverse needs of clients across the sub-continent.

Industry and IT Minister D Sridhar Babu and Special Chief Secretary S Jayesh Ranjan assured Mane Group of the state government's commitment to providing a conducive environment for foreign investors. Repeat investments from foreign investors like Mane serve as a testament to the state's strong industrial ecosystem and industry-friendly administration, a statement here said on Monday late night.
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