“West Bengal: FMCG giant Britannia set to shut down its historic Taratala factory in Kolkata, earlier Tata had left the state over the Nano fiasco”, Opindia, June 24, 2024:
“FMCG major, Britannia Industries Limited, is all set to shut down its historic factory in Taratala, Kolkata which has been operational for more than seven decades. The biscuit-manufacturing giant recently informed the stock exchanges – BSE and NSE – that all permanent workers at its Taratala factory in Kolkata had accepted the voluntary retirement scheme (VRS) offered to them.
Notably, the Taratala factory is the second oldest factory in India, following the one in Mumbai. It was established in 1947.
Earlier on 20th June 2024, the company stated, “This is to inform that a Voluntary Retirement Scheme offered by the Company to the workers at its factory situated at Taratala, Kolkata, West Bengal has been accepted by all the permanent workers of the aforementioned factory of the Company……”
Read the full article at Opindia.com
Our WB Chief Minister should come forward to prevent closure of this iconic biscuit factory. The Britannia Industries Limited should revamp its Taratala Factory to manufacture newer & newer variety of biscuits to stay competitive in the market. Britannia products have a good market throughout India. It is hard to believe that such a reputed company is closing its shutters on the ground that its products cannot withstand the competition in the market! I smell the rat in this decision of Britannia Company.