Flour Masters Bakery Private Limited has formalized plans to establish a significant flatbread production unit in Chittoor, Andhra Pradesh, following the exchange of a Memorandum of Understanding (MoU) with the state government. This substantial investment, valued at &₹128.5 crore, marks a key expansion for the company into India's food production sector, aiming to serve both domestic and international markets.
The agreement was officially exchanged during a ceremony held at Sri Venkateswara University in Sri City. Hani M. Haneef, Founder Chairman of HMH Holdings and Founder and CEO of Flour Masters Bakery, represented the company, while Chiranjeev Choudhary, Principal Secretary of the Food Processing Division, Department of Industries and Commerce, Government of Andhra Pradesh, along with other senior officials, represented the state. Choudhary was present throughout the proceedings, underscoring the government's support for the venture.
The proposed facility in Chittoor is set to produce a variety of flatbreads, including tortillas. Drawing upon its extensive experience in the food production sector, particularly from operations in the United Arab Emirates, Flour Masters Bakery intends to prioritize modern production technology, stringent food safety standards, consistent quality, and operational efficiency at the new unit.
A Detailed Project Report (DPR) related to the initiative has already been submitted to Principal Secretary Chiranjeev Choudhary. This step aims to streamline and expedite subsequent project processes, facilitating coordination with relevant government departments. The company views this investment as a crucial move for its business growth in India.
Beyond its direct operations, the new unit is projected to generate significant direct and indirect employment opportunities within the region. It is also expected to stimulate growth in ancillary industries, including those involved in raw material supply, packaging, transportation, and distribution. Flour Masters Bakery has expressed its appreciation to the Andhra Pradesh government, Chiranjeev Choudhary, the development board, and all involved officials for their collaborative spirit and support, affirming its commitment to work closely with state agencies throughout the project's lifecycle.
Image: varthabharati.in
📰 Source: Vartha Bharati DK