Britannia Industries has recently closed its Taratala factory in Kolkata, the company’s second oldest manufacturing unit in India, which was established in 1947. According to a report from The Times of India, the company informed stock exchanges that all workers at the Taratala factory have opted for and accepted Voluntary Retirement Scheme (VRS) packages.

A source close to the company mentioned that the closure of this unit, which employed around 150 workers, is not expected to have a significant impact on either the company or the state’s revenue. This decision follows Britannia’s earlier closures of factories in Mumbai and Chennai.

The Taratala factory, situated on 11 acres leased from Kolkata Port with a lease agreement renewed until 2048 in 2018, reportedly ceased operations due to its output no longer being economically viable, as per Kolkata Port sources cited in the TOI report.

Britannia Industries is shifting its strategy towards closing older and less efficient factories located near city centers, opting instead to establish modern facilities with higher production capacities. According to The Times of India, the future use of the Taratala land remains uncertain despite the company holding a lease for another 24 years.

The Taratala factory has played a crucial role in Britannia’s manufacturing, planning, logistics, and sales operations in the eastern region.

At the company’s Annual General Meeting (AGM) in Kolkata in 2018, Britannia chairman Nusli Wadia announced plans to invest up to ₹350 crore in a new facility in Bengal, marking a significant investment in the state following a period of limited investments, as reported.

Apart from the Taratala unit, Britannia also runs a contract manufacturing facility near Dankuni. Britannia Industries is a prominent player in India’s food industry, and Bengal stands as its third-largest market, contributing more than ₹900 crore in revenue annually.

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