India Development News & Foreign Investment Opportunities

Nandvan Park to generate turnover of Rs.450-500cr/yr

Badal sees additional Rs.250cr investment

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Badal sees additional Rs.250cr investment

 

PIB.
Badal lights traditional lamp for the foundation stone laying of the park along with Hema Malini, Member of Parliament from Mathura.

Minister for Food Processing Industries Harsimrat Kaur Badal has laid foundation stone for Nandvan Mega Food Park Private Limited located at Badawal on Chhata-Barsana road in Mathura, Uttar Pradesh.

Badal said that the Park will leverage an additional investment of about Rs.250 crore in 25-30 food processing units and generate a turnover of about Rs.450-500 crore annually.

The Rs.120.77 crore Mega Food Park is being set up in 57.41 acre of land with Rs.50 crore financial assistance from the Indian Government.

The Central Processing Centre (CPC) of the Park will include Multipurpose Cold Storage – 2,000 MT, Individually Quick Frozen (IQF) with Frozen Storage – 2 MT/Hour and 4,000 MT, Dry Warehouse – 10,000 MT, Raw milk packaging Line – 2 LLPD, Pulses and Grain packaging line – 2 MT & Food testing lab.

In addition, the lead promoter will also setup an Anchor Unit with an investment of Rs.24.13 crore for Dairy Processing with plant capacity of 500 TPD.

The Park will also have five primary processing and storage centres near farms at Aligarh, Mathura, Kanshiram Nagar, Bharatpur and Agra.

The Park will also provide direct and indirect employment to 5,000 persons and benefit to about 25,000 farmers in the catchment areas.

Also present on the occasion today were Hema Malini, Member of Parliament from Mathura, Lakshmi Narayan Chaudhari, Minister of Dairy Development, Govt. of Uttar Pradesh and Krish Iyer, President and CEO of Walmart India. fiinews.com

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