Tata Global Beverages To Set Up New Tea Packaging Unit In Orissa
Tata Global Beverages Limited has entered into a Letter of Intent (LOI) with Tata Steel Special Economic Zone Limited, a wholly-owned subsidiary of Tata Steel Limited, for setting up a Tea Packaging Unit in Gopalpur Industrial Park, Orissa, which will be used for the operation of manufacturing and storage of Tea and also will be used as Warehouse of all products of the Company, including its subsidiaries, associates and joint-venture companies. The above LOI was exchanged on November 12, 2018, during the "Make in Orissa" conclave in Bhubaneshwar, Orissa.
The estimated scalable capacity of the new unit is expected to be 36 million kgs per annum and it would be operational by 2020, post all statutory and regulatory clearances. The aggregate investments by both the Companies for setting up this new Unit are expected to be around Rs. 100 crores over a period of time.