30 acre of land for ITC’s Rs 470-cr Food Park
Bhubaneswar: In a significant development which would further boost the medium and small scale industries in Odisha, the State government has decided to provide 30 acre of land to confectionery behemoth Indian Tobacco Company (ITC) for setting up a Food Park in Khurda district.
The decision came at a meeting of the State-level land allotment committee held in the Secretariat here today. Besides, the committee also approved the expansion of SMS India Pvt Ltd which would set up a steel equipment manufacturing unit in the district. The State government would provide 14 acre of land to the company for the purpose.
Talking to mediapersons after the meeting, Odisha Industrial Infrastructure Development Corporation (Idco) chairman-cum-managing director Vishal Dev said, “The company has a proposal to invest Rs 470 crore in the project.”
Sources said the multi-business conglomerate with diversified presence in fast-moving consumer goods (FMCG), hotel, paperboard and packaging, agri-business and information technology sectors, is keen to set up biscuits and confectionery manufacturing units in the State.
Earlier in January this year, a team of ITC had held discussions with the Micro, Small and Medium Enterprises (MSME) secretary in this regard and made a presentation before him on the project, the sources added.
Last year, Indo-Nissin Foods Ltd, a subsidiary of Japan-based Nissin Foods Holdings, commissioned its first factory in Odisha (third in India) with an investment of about Rs 100 crore. The production facility, located at Idco Food Processing Park at Khurda Industrial Estate, has an annual production capacity of 20,000 tonne per annum.
Meanwhile, the Odisha Small Industries Corporation (OSIC) has also plans to set up a mega Food Park over 58 acre of land in Jharsuguda district. The proposed unit will process chilly and sweet water fish.