Wardwizard Foods and Beverages Limited, a major player in the food and beverages industry, has recently inked a significant Memorandum of Understanding (MoU) with the Government of Gujarat. This landmark agreement, formalized on December 13, 2023, marks a pivotal moment in the expansion of food manufacturing capabilities within the state.
Under the terms of this MoU, Wardwizard Foods and Beverages Ltd., represented by Sheetal Bhalerao as Chairperson and Managing Director, is set to expand its operations across Gujarat. The company’s plans include broadening their production line to encompass a variety of products such as Ready-to-Eat foods, Mayonnaise sauce, and Frozen Foods. This expansion is not just a growth strategy for the company but also a transformative initiative aimed at reshaping the economic landscape of Gujarat.
The investment involved in this visionary project is substantial, amounting to Rs 500 crores. This capital infusion is expected to foster considerable growth opportunities in the region, significantly contributing to the state’s economic development.
A critical aspect of this collaboration is the generation of employment opportunities. The partnership between Wardwizard Foods and the Government of Gujarat is projected to create over 750 jobs in the foreseeable future, thereby boosting the local employment scene.
This MoU also underscores a shared commitment between Wardwizard Foods and the Gujarat Government towards promoting industrial development and employment generation. The Government of Gujarat is set to support the venture by facilitating all necessary permissions, registrations, approvals, and clearances in accordance with the state’s policies and regulations.
Sheetal Bhalerao, expressing pride in the collaboration, emphasized that this partnership is more than just about food manufacturing; it’s about igniting a revolution in Gujarat’s economic framework. The collaboration is seen as a pathway to sustained economic growth and a testament to Wardwizard Foods and Beverages Limited’s commitment to innovation, excellence, and community development.
This alliance is a clear indication of the evolving landscape of the food manufacturing industry in Gujarat and reflects the state’s proactive approach in attracting investments and fostering economic growth.