Britannia Industries is planning a ?1,000-crore investment to set up a mega food park at Ranjangaon in Maharashtra. The company will relocate its upcoming croissant-making facility from Tamil Nadu to the proposed integrated food-park, while it ramps ups international business by exploring the setting up of own facilities at Nepal and in African markets. Varun Berry, Managing Director, Britannia, said that fiscal incentives were the reason for this change in strategy. Britannia had entered into a joint venture with Chipita SA, a Greek company for manufacture and sale of croissants. Meanwhile, investments in the green field project at Ranjangaon are expected across four to five phases. Work will begin in 2017. The facility will include multiple biscuit-making lines, one cake making line and a croissant one to start with. At a later stage, it will include rusk lines, an integrated dairy back-end facility and even a flour-mill if it is feasible. According to Berry, around ?400 crore will go as investments this fiscal which include the upcoming dairy plant, part of the Ranjangaon facility and two more facilities – one each at Guwahati (Assam) and Mundra (Gujarat). The Mundra facility will cater to exports.