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The board of directors of Tata Coffee on Monday approved the setting up of a modern greenfield freeze dried instant coffee facility in Vietnam of 5,000 tonne capacity per annum. This would be done through a yet-to-be-incorporated subsidiary of the company, Tata Coffee informed the exchanges and added that the project is subject to completion of all legal and other formalities. The estimated project cost is $50 million (approximately ₹350 crore), it said.
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