Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / News/  Patanjali to set up ₹634 crore mega food park in Vizianagaram
BackBack

Patanjali to set up ₹634 crore mega food park in Vizianagaram

The Patanjali Food and Herbal Park would come up on a 172.84 acre site at Chinnaraopalli village in Vizianagaram

Ramdev met AP CM N Chandrababu Naidu Thursday afternoon and discussed the project. Photo: MintPremium
Ramdev met AP CM N Chandrababu Naidu Thursday afternoon and discussed the project. Photo: Mint

Amaravati: A 634 crore mega food park that is expected to provide employment to 33,400 people would be set up by Baba Ramdev’s Patanjali group in Vizianagaram district of Andhra Pradesh.

The Patanjali Food and Herbal Park would come up on a 172.84 acre site at Chinnaraopalli village, according to a release from the chief minister’s office.

Ramdev met chief minister N Chandrababu Naidu Thursday afternoon and discussed the project, it said.

Core processing facilities including cold storage with blast freezer, grading packing facility for spices and grains and dry warehouse would come up at the park.

An anchor unit for juice extraction, with a capacity of 1,500 tonnes per day, would also be set up with an investment of 45.20 crore.

Juice, biscuit, noodles, frozen vegetables and spices processing units are likely to be set up to benefit farmers of the region in a big way, the release added.

This story has been published from a wire agency feed without modifications to the text.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 06 Dec 2018, 06:52 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie