ITC to Invest Rs 470 Crore in Food Park in Odisha

Published: 08th May 2015 06:00 AM  |   Last Updated: 08th May 2015 06:00 AM   |  A+A-

BHUBANESWAR: The State-level Land Allotment Committee on Thursday decided to recommend to the State Government for allotment of land for a food park and steel equipment company in Khurda district.

The Indian Tobacco Company (ITC) Limited, a multinational company with diversified business interest, has proposed to the State Government to set up a food park with an investment of `470 crore while Germany-based SMS India proposed to expand its unit with an investment of `250 crore at Khurda,” Chairman and Managing Director (CMD) of Industrial Development Corporation of Odisha (IDCO) Vishal Dev told reporters after the meeting.

The meeting chaired by Chief Secretary GC Pati recommended to the Government to provide 30 acres of land for the proposed food park and 14 acres to SMS company. Besides, the meeting discussed land allotment for 27 new and 22 deferred projects.

After State Government approval, IDCO, the nodal agency for land allotment to industries, will allot land to these industries, Dev said.


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