Tetra Pak plans to invest Rs 700 cr to double its capacity

Packaging material maker Tetra Pak said it will invest about Rs 700 crore in India in the next three years on expansions, including setting up a new unit to almost double its production capacity. The company, which currently has a manufacturing plant in Pune for producing different types of packaging materials with a capacity of around 4.5 billion units per annum, plans to increase it to up to 8 billion units a year.