Rs 950 cr investment in Nashik’s food processing park
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.
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.