Cremica Food Industries to open food park in Himachal's Una

Image
Press Trust of India New Delhi
Last Updated : Jan 29 2019 | 7:55 PM IST

FMCG firm Cremica Food Industries Tuesday said it would start a food park in Una district of Himachal Pradesh next month, for which it has made an investment of over Rs 100 crore.

The food park is spread across 55 acre and has been developed as one of the finest food processing infrastructure facilities, said a top official of the company.

"We are starting a food park in Una in February and it has come up at an investment of over Rs 100 crore. It will make a major difference to the area," Cremica Food Industries Ltd Chairman and Managing Director Akshay Bector told PTI.

The core facility that is coming there is a fruit and vegetable processing line with a capacity of up to 40 tonne per hour, he added.

"Food park will provide world-class infrastructure and technology to the enterprises engaged in the food processing industry," Bector said.

It will have abundant water supply, large refrigeration area, reliable power supply and warehouses, among others, he added.

When asked about the growth of the company, Bector said: "We have been growing at a consolidated rate of 20 per cent while our branded sales are growing at a rate of 27 per cent."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 29 2019 | 7:55 PM IST

Next Story