 "The logo of Mondelez International is pictured at the company's building in Zurich. Photo: Reuters")
Two years after opening its largest plant in Sri City, Andhra Pradesh, Mondelez on Wednesday unveiled its first research & development (R&D) centre in Thane, near Mumbai. The number two chocolate maker in the world after Mars, has spent $15 million, in addition to $190 million it has already invested, to set up the unit in the facility. The unit will be part of a network of 11 centres coming up across the globe, nine of which are already operational.
The move by Mondelez comes as it faces stiff competition from global peers including Mars, Ferrero, Hershey and Nestle in
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