Hershey to invest $50 million to scale up India operations
US-based chocolate and confectionery firm Hershey will invest $50 million in India over the next five years to grow and expand its presence. Calling India a key international focus market, Hershey India CMD Praveen Jakate said, "Our investments...will help us to further build upon our positive momentum." Notably, Hershey's net sales in India grew 16% year-on-year during the September quarter.