Tata Coffee has said that it would be setting up a greenfield instant coffee facility in Vietnam at a cost of USD 50 million (about Rs 350 crore).

It has said in a BSE filing that the board has “approved the setting up of a state-of-the-art greenfield freeze dried instant coffee facility in Vietnam of 5,000 tonnes per annum.”

It has said that this would be done through a subsidiary of the company to be incorporated.

According to the company, the “Estimated project cost is USD 50 million (about Rs 350 crore).”

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