South Korea-based Lotte Confectionery will invest ₹450 crore in its Indian unit Havmor Ice Cream in the next five years. A major portion of the investment would be used for setting up a new production facility in Maharashtra, the company said. Havmor's new facility will be functional in fourth quarter of 2024. Lotte acquired Havmor in 2017 for ₹1,000 crore.