AgenciesThe company signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to invest Rs 3,500 crore in a food processing unit, which has the potential to create 3,400 jobs. The MoU was siged in the presence of state minister Nara Lokesh at the 31st CII Partnership Summit in Visakhapatnam on Thursday.
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SLN is a family business that has grown coffee in Kodagu (Coorg) for decades. It runs plantations, exports green coffee, and makes instant and roasted coffee at its facility in Kodagu, Karnataka. Exports made up about two-thirds of its sales in financial year 2024-25, and its products reach markets in the Americas, Africa, Asia and Europe. Its consumer brand, Levista, launched in 2017, is now sold across South India, including Andhra Pradesh.
The company had recently announced a Rs 2,500 crore investment plan for the next 10 years as part of a roadmap called Project Horizon. Under this, the company wants to scale up manufacturing, technology and export business. It is targeting Rs 1,500 crore in revenue by 2027-28 financial year. According to the company, SLN has been evaluating locations in Andhra Pradesh, Tamil Nadu and Karnataka for its a new facility.
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