Financial Daily from THE HINDU group of publications
Friday, Oct 11, 2002
Financial Daily from THE HINDU group of publications Friday, Oct 11, 2002 |
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Agri-Biz & Commodities
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Foods & Food Processing Corporate - New Projects Chordia group plans food park in Pune Our Bureau
PUNE, Oct. 10 THE city-based Chordia Food Products is setting up a food park at an outlay of Rs 100 crore spread over the next seven years. The 100-acre Chordia food park is being set up at Shirwal, 55km off Pune on the Pune-Bangalore Highway. The aim behind setting up such a park was to provide a level playing field for the small and medium food processing industry to compete with established players, said Mr Pradeep Chordia, Director of Chordia Food Park. He said an investment to the tune of Rs 12 crore would be made during the first two years. The estimate was that during the first two years about five tiny units, five small-scale enterprises and 1-2 medium scale enterprises would set up their operations at the park. He noted that the land would be leased to the company for a period of 99 years and would be priced at Rs 8 lakh per acre. Mr Chordia said the Ministry of Food Processing had already sanctioned the food park status to the project and had contributed Rs 4 crore to develop various facilities. The park was also in talks with the State Government for concessions on various fronts, he said. The Central Government had sanctioned about 25 per cent capital subsidy with an upper limit of Rs 50 lakhs for the units to set up their venture. Talks were also on with banks for reduced interest rates for the units. He said the park would offer full range of facilities from processing, packaging, transportation and finance to marketing the products as required by the processed food industry. He said the future scope for processed foods, fruits and vegetables in the country was vast as only two per cent of the total produce was processed as against 70 per cent in the developed nations. He added that in India around Rs 4,000 crore of fruits and vegetables were wasted every year and in the Western Maharashtra itself, fruits and vegetables to the tune of Rs 1,000 crore were wasted and spoilt due to non-processing.
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