Two MoUs Signed For Rs 25 Cr Investment In Food Processing Sector

**Bhubaneswar: ** Two Memorandum of Understanding (MoUs) were signed today for Rs 25 crore investment in the Food Processing sector of Odisha.

M/s Swalokam Bioventures Pvt. Ltd. and M/s Kentley Foods Pvt. Ltd. signed the two MoUs with M/s MITS Mega Food Park Ltd., Rayagada in presence of MSME, Women & CD and SSEPD Minister Prafulla Samal and MSME Additional Chief Secretary L.N. Gupta for setting up Ready-to-Consume (RTC) juice plant and Corn Processing Plant respectively in the food park, stated a press note.

While 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, the press note further stated.

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 crore and is spread over 65 acer of land.

It has modern state-of-the-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 is 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 ready setup their facilities in the Park, mentioned the press note.

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