Nashik’s food processing park attracts Rs 950 cr investment

  • | Monday | 19th February, 2018

The MIDC had acquired 133 hectare and the wine park was developed on 83 hectare.Amid demand from local industrial associations, the state government agreed to develop food processing park for food processing industries on the remaining 50 hectare of the wine park. Siva Sai Exports will invest Rs 100 crore to set up units.Apart from this, some industries are setting up small scale food processing units at the park with investment between Rs 2 crore and Rs 5 crore. (done/ak)Mumbai: The Food Processing Park at Vinchur in Nashik district has attracted an investment of Rs 950 crore, and it is expected to generate 5,400 jobs.A total of 15 food processing units have signed MoUs with the state government during ‘Magnetic Maharashtra’, global investors’ summit and exhibition, here.The Vinchur Food Processing Park is located adjacent to Vinchur Wine Park, around 60 km from Nashik city.Sources in the state industries department confirmed to TOI that these units would invest Rs 950 crore to set up food processing units at the park. Vandana industry is investing Rs 20 crore.In 2001, the state government had developed ‘Godavari Wine Park’at Vinchur to boost the wine industry. “The units are expected to be operational within two years.”Jayant Agro & Food Processing is setting up two units at the food processing park at a total investment of Rs 650 crore in the next two years.Similarly, Dairy Pour Ltd is investing Rs 86.60 crore at its new plant at the park which will generate 457 jobs.Polisetty Somasundaram Agro Exports has signed an MoU for investment worth Rs 60 crore.

(done/ak)Mumbai: The Food Processing Park at Vinchur in Nashik district has attracted an investment of Rs 950 crore, and it is expected to generate 5,400 jobs.A total of 15 food processing units have signed MoUs with the state government during ‘Magnetic Maharashtra’, global investors’ summit and exhibition, here.The Vinchur Food Processing Park is located adjacent to Vinchur Wine Park, around 60 km from Nashik city.Sources in the state industries department confirmed to TOI that these units would invest Rs 950 crore to set up food processing units at the park. “The units are expected to be operational within two years.”Jayant Agro & Food Processing is setting up two units at the food processing park at a total investment of Rs 650 crore in the next two years.Similarly, Dairy Pour Ltd is investing Rs 86.60 crore at its new plant at the park which will generate 457 jobs.Polisetty Somasundaram Agro Exports has signed an MoU for investment worth Rs 60 crore. It will set up a processing unit for agro produce. Siva Sai Exports will invest Rs 100 crore to set up units.Apart from this, some industries are setting up small scale food processing units at the park with investment between Rs 2 crore and Rs 5 crore. These units include Sangita Gautam Nile Food, Arya Agrotech, Anand Sagar Oil Mill. Vandana industry is investing Rs 20 crore.In 2001, the state government had developed ‘Godavari Wine Park’at Vinchur to boost the wine industry. The MIDC had acquired 133 hectare and the wine park was developed on 83 hectare.Amid demand from local industrial associations, the state government agreed to develop food processing park for food processing industries on the remaining 50 hectare of the wine park. Currently, the MIDC is in the process of developing infrastructure.Reacting to the developments, some industrialists said that new investments in the food processing sector at the Vinchur park will definitely help local farmers, especially those cultivating fruits.Nashik district is known in the country for producing vegetables and fruits, especially onions and grapes. Lasalgoan Agriculture Produce Market Committee in Nashik district is the country’s largest wholesale onion market.

If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

₹ 10 - ₹ 1000

NYOOOZ FRIEND

₹ 2000 - ₹ 5000

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.


Stay updated with all the Latest Nashik headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles
Nashik’s food processing park attracts Rs 950 cr investment
  • Monday | 19th February, 2018
Now Akshay Kumar sets up online health tracker for cops in Nashik
  • Saturday | 13th June, 2020
Cyclone Nisarga claims 4 lives in Maharashtra and then fizzles out
  • Thursday | 4th June, 2020
Coronavirus outbreak Nashik Police thank Akshay Kumar for 500 wrist bands that track COVID 19 symptoms
  • Wednesday | 20th May, 2020