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55 food processing units to come up in Orissa
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Saturday, 14 August, 2010, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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The government of Orissa has sanctioned around 110 acres of land to set up 55 industrial units for the proposed food processing park at Malipada in Khurda district.
According to a report in Business Standard, the state has also planned to develop a mega food park at Khurda and the proposal is under the consideration of the Government of India.
"The food processing park would be developed on 162 acres of land. The state government has already allotted 110 acres to 55 units. It will invest Rs 9.9 crore on infrastructure developments for this food park and out of this Rs 1.91 crore has already been deposited with the Industrial Infrastructure Development Corporation of Orissa (Idco)," state industries minister Raghunath Mohanty said..
The proposed food park project has the potential to attract investments of Rs 2,000 crore. Further, the state government was mulling to form a special purpose vehicle (SPV) with Infrastructure Leasing & Financial Services (IL&FS), one of India's leading infrastructure development companies, for this purpose.
The government had roped in IL&FS as a consultant to help boost investments in the food processing sector. Tenders for this project were likely to be invited soon.
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