Britannia, the confectionary major, is setting up a Rs 340-crore plant in the Barabanki district of the state. Uttar Pradesh Chief Minister Yogi Adityanath laid the foundation stone of the Britannia Industries plant on Wednesday.

“Barabanki will reach new heights of development after the establishment of the Britannia Company's plant. The youth here will not have to migrate for employment,” the chief minister said.

Speaking on the occasion, the chief minister said that for the industry, everything from sugar to flour would be supplied by local farmers as it was available in abundance in the state and the manpower would also be local.

The chief minister said that with the establishment of the factory 1,000 youths of Barabanki would get jobs in their home town. He said for this, the government would also run a special skill development programme. He said the project would favourably impact the farmers in the state and with this, the youth and farmers of Barabanki would become self-reliant.

 The company has registered about 30.34 acres of land in Barabanki and all pre-construction approvals have been obtained. The estimated capacity of the unit is 1, 25,000 tons per year. The plant will manufacture a variety of confectionery products, including bread, biscuits, etc.

It is noteworthy that Uttar Pradesh is one of the largest states for Britannia in terms of sales. Founded in the year 1892 and headquartered in Kolkata, Britannia industries is one of India’s oldest existing companies. With a turnover of about Rs 11,400 crore per annum and the market cap of Rs 85,000 crore, the company primarily operates in various business segments viz. bakery, dairy, and adjacency.

BIL is the market leader in bakery products and the second-largest player in cheese. The company has about 90 manufacturing units (own and outsourced) across the country and its products reach about 18 crore households.