#MakeinIndia: Cadbury is opening its R&D centre in Thane
Sep 17, 2016, 13:38 IST
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It’s definitely great news for all the Cadbury fans in the country. Modelez International, better known as the parent company of Cadbury chocolates and Bournvita is all set to go ‘Make in India’. As per news reports, they would be investing $15 million (Rs 100 crores) to build a global research, development and quality(RDQ) hub in Thane near Mumbai.As a part of American food giant’s grand plan of investing $65 million to develop nine global RDQ hubs, this venture will be dedicated to chocolates only.
There will a biscuit RDQ centre in China and similar one in Singapore for gums and candies, as per the plan.
"We've a long, strong history in India and it's a priority market for us. We've had tremendous success in getting the 'best of global, best of local' formula right in India to accelerate our growth momentum in India and throughout Asia with continuous innovation," Hargrove told the Economic Times.
"For the past two years, we've been transforming and redesigning our global RDQ organisation to better support our growth ambitions and create a competitive advantage," Hargrove added.
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The Thane centre will recruit more than 150 scientists, engineers and specialists to focus on developing technology platforms for chocolates and beverages, consumer science, packaging and cross-category productivity, the company told the financial daily.