Keventer plans to set up food park in Bengal

Kolkata, May 26 (IANS) Kolkata-based Keventer Group is planning to set up a food park in West Bengal, investing about Rs.7 billion, a top executive of the company said Saturday.

"We are looking to invest in Bengal in food processing and looking at setting up a food park at Dankuni. For development of infrastructure, we have to spend about Rs.700 crore. After that, we think that we would be able to bring in an investment of about Rs.2,500 crore to Rs.2,600 crore," Keventer Group managing director Mayank Jalan said.

Jalan said many food companies were looking to set up units in the state and about 80 firms were expected to build units in the upcoming park.

"A lot of food companies all over the world are looking to set up base here. Instead of going individually, and getting their clearances, we will do it together for them at one place and we have received several expression of interest. We are expecting about 70 to 80 companies in the park to set up their units," he said. Jalan said he was hopeful of starting work for the park by the end of this year.

Keventer is also developing similar parks in Bihar and Orissa.

The company Saturday inaugurated the Edward Food Research and Analysis Centre (EFRAC) and the Rs.65 crore manufacturing unit of ITC's Sunfeast Yipee noodles, with a capacity of 50 tonnes per day, at Barasat.