Two MoUs signed for investment in Food Processing Sector

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Bhubaneswar: Today M/s Swalokam Bioventures Pvt. Ltd. and M/s Kentley Foods Pvt. Ltd. signed MoUs with M/s MITS MEGA FOOD PARK Ltd., Rayagada in presence of Hon’ble Minister, MSME, Women & CD and SSEPD Shri Prafulla Samal and Shri L.N. Gupta, ACS, MSME for setting up Ready-to-consume (RTC) juice plant and Corn Processing Plant respectively in the food park. Whereas, M/s Swalokam Bioventures Pvt. Ltd. has proposed to invest Rs.15 crore, M/s Kentley Foods Pvt. Ltd. has proposed to invest Rs.10 crore in their plants. Both the plants will provide employment to more than 200 people in the industrially backward region of KBK, in general and Rayagada in  particular. It may be mentioned that M/s MITS Food Park is the first multi-product food park of Odisha. It is established in Rayagada District with an investment of Rs 80.17 Cr and is spread over 65 Acer of land.  It has modern state of art  core processing facilities such as 12 TPH Rice processing Complex , 2500 MT Cold Storage , 3TPH Multi Fruit Processing Complex , 10,000 MT Dry Ware House. It has ready to use MSME Sheds varying from 2000 to 5000 Sqft. It has dedicated 33/11 K Substation, water storage and social infrastructure  for the promoters. MITS Mega Food Park would be a game changer for socio economic development of farmers and agri entrepreneurs of Odisha.  Many units such as M/s Sanjay Traders, M/s Expo Biotech Ltd and M/s LT Food have already setup their facilities in the Park.

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