Sukhjit Starch & Chemicals provides update on mega food park project

In Tehsil Phagwara, Distt. Kapurthala (Punjab)

Sukhjit Starch & Chemicals announced that most of the approvals from the concerned authorities including NOC from Central Ground Water Authority for setting up the mega food park in Tehsil Phagwara, Distt. Kapurthala (Punjab) have been received.

The mega food park will be set up in the name and style of 'Sukhjit Mega Food Park & Infra' an SPV incorporated as a wholly owned subsidiary of the Company.

The food park entail an investment of Rs 125 crore and will be financed by way of Central Government Subsidy of Rs 50 crore, bank term loan of Rs 40 crore and balance by way of equity contribution by the Company.

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