Two MoUs signed for investment in food processing sector

Two memorandum of understandings (MoUs) were on Wednesday signed for setting up Ready-to-Consume (RTC) juice plant and Corn processing plant at MITS Mega Food Park in Odisha's Rayagada district, an official said.

The MoUs were signed in presence of Odisha MSME Minister Prafulla Samal and additional chief secretary L N Gupta at the Make in Odisha Conclave here.

Swalokam Bioventures and Kentley Foods signed MoUs with MITS Mega Food Park.

While Swalokam Bioventures has proposed to invest Rs 15 crore, Kentley Foods has committed to invest Rs 10 crore in their plants.

Both the plants will provide employment to more than 200 people in the industrially backward region of KBK (Kalahandi-Bolangir-Koraput) region of the state, the official said.

MITS Food Park is the first multi-product food park of Odisha and established in Rayagada district with an investment of Rs 80.17 crore. It is spread over 65 acre of land, they added.

The park has modern state of art core processing facilities such as 12 TPH rice processing complex, 2500 MT cold storage, 3 TPH multi fruit processing complex, 10,000 MT dry ware house.