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Jan, 19 2018

Food Processing Park Bags Maiden Investment of Rs 200 Crore

Nashik firm Siva Sai Export and Andhra Pradesh firm Polysetty Somasundaram Agro have finalised their investments.

The food processing park at Vinchur, about 60 kms from Nashik, has got its first investment worth Rs 200 crore. The two food processing plants are expected to become operational within the next one-and-a-half years.

Nashik firm Siva Sai Export and Andhra Pradesh firm Polysetty Somasundaram Agro have finalised their investments to set up units at the food processing park.

Maharashtra Industrial Development Corporation (MIDC) has already allotted 17 acres to Siva Sai Export and 7.5 acres to Polysetty Soma at the food processing park, located adjacent to Vinchur Wine Park, near Niphad.

Polysetty Somasundaram Agro is setting up a dehydration plant for onions and other vegetables at an investment of Rs 100 crore, which will generate 1,600 direct and indirect jobs and involve close to 40,000 farmers through contract farming.

“We are setting up a plant to dehydrate onions, garlic, carrot and beetroot. The processing capacity will be around 40,000 metric tonnes per annum. We will outsource production of onions and other vegetables through contract farming with around 45,000 farmers.” Shared company in a statement.

Siva Sai Export is setting up the food processing unit at an investment of Rs 100 crore, which will provide direct and indirect employment to 3,500 people. Apart from this, it will involve around 30,000 farmers into contract farming.

“We are already exporting frozen fruits and vegetables to Russia. Our new food processing plant at Vinchur will be an export-oriented unit. The processing capacity of the plant will be 10 metric tonnes per hour,” said the sources from Siva Sai Exports.

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