India Development News & Foreign Investment Opportunities

Cremica to attract additional Rs.250cr investment

Badal assures Govt commitment

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Badal assures Govt commitment

 

Food sector logo

 

The Cremica Mega Food Park Pvt Ltd, an investment of Rs.107.34 crore, will leverage an additional investment of about Rs.250 crores in 25-30 food processing units, said Minister for Food Processing Industries Harsimrat Kaur Badal.

Badal inaugurated the park, which is expected to generate a turnover of Rs.450-500 crore annually, on 10 Feb 2019.

Speaking to the inauguration ceremony via video conference, she assured that the government is fully committed to providing an environment that is smooth, transparent and easy for investors wanting to start an enterprise in India.

In a bid to make India a resilient food economy and the Food Factory of the World, the government has made Food Processing a major thrust area of ‘Make in India’, said Badal.

The 52.40-acre Park, located at Village Singhain Una District of Himachal Pradesh, will give an impetus to the growth of the Food Processing Sector in the state.

The facilities being created by the developer at Central Processing Centre (CPC) include Multi-crop pulping line with bulk aseptic packaging (24 MT/ hour), Frozen storage (1000 MT), Deep Freeze, Dry Warehouse, QC Laboratory and other food processing facilities. fiinews.com

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