Mumbai, Sept. 26 -- FMCG major Tata Consumer Products Ltd (TCPL) said it plans to invest up to Rs 2,000 crore in the food processing sector over the next five years.

The Tata group company announced the commitment after signing a non-binding memorandum of understanding (MoU) with the Ministry of Food Processing Industries during the ongoing World Food India event in New Delhi.

The company clarified that the proposed investment will depend on the financial viability of individual projects and approvals from its board as well as statutory authorities.

TCPL, which markets products across categories such as tea, coffee, liquid beverages, salt and packaged foods, owns well-known brands including Tata Tea, Tetley, Tata Salt, Eight O'Clock Co...