Mars Inc to Invest ₹800 Crore in Expansion of Factory in Telangana

Mars Inc to Invest ₹800 Crore in Expansion of Factory in Telangana

Pet food major Mars Inc has announced its plans to invest ₹800 crore in the second phase expansion of its manufacturing facility in Telangana. The announcement comes after Industries and IT Minister K.T. Rama Rao’s meeting with Mars Inc’s Chief Data and Analytics Officer for Pet Nutrition, Sekhar Krishnamoorthy, in New York. The investment will increase Mars’ total investment in the state to ₹1,500 crore. Mars Petcare already has a plant in Siddipet district that manufactures popular pet food brands like Pedigree and Whiskers. The company had previously signed an MoU with the Telangana government for the expansion of the manufacturing plant with an additional ₹500 crore investment. The expansion is being undertaken in response to the rapid growth of the pet food market in India. Mars Inc has also expressed interest in partnering with the Telangana government to improve pet care and pet nutrition in the country. Discussions were held on exploring initiatives in research and development, digital transformation, agri supply chains, innovation, and sustainability. This expansion is expected to create numerous employment opportunities in the region.

In another announcement, it was revealed that global media, marketing, and communications company Omnicom Group will set up a global capability centre (GCC) in Hyderabad. This move will generate over 2,500 new employment opportunities in the city. The decision to establish the GCC in Hyderabad aligns with the vision of fostering innovation and growth in the media sector. Additionally, Global Healthcare Exchange (GHX) has announced the expansion of GHX India’s GCC in Hyderabad as well. GHX India aims to triple its workforce in the country by 2025 and expand to more than 300 employees. The focus will be on strengthening engineering and operations teams, enhancing technological capabilities, and driving innovation on a large scale.

TIS Staff

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