Home News/PR Nestle India announces plans for an Odisha food processing unit worth Rs. 894 crore

Nestle India announces plans for an Odisha food processing unit worth Rs. 894 crore

by EzeeProjects01

Nestle India, one of the world’s leading food and beverages companies, has obtained approval from the State Level Single Window Clearance Authority (SLSWCA) to establish a food processing unit on the outskirts of the Capital City. The unit, valued at Rs. 894 crore, is expected to create employment opportunities for 827 individuals. With eight existing manufacturing facilities across India, Nestle is renowned for producing popular brands that can be found on store shelves.

Nestle’s decision to set up its unit in Odisha reflects a greater inclination among corporate India to set up a base in Odisha, traditionally neglected for multiple factors. In May this year, ITC’s state-of-the-art Integrated Consumer Goods Manufacturing and Logistics (ICML) facility was also inaugurated at Khurda by Chief Minister Naveen Patnaik.

The investments followed the Odisha Government announcing its food processing policy in 2022 to increase the flow of private sector investments across the value chain from farm gate to market. The Policy provides fiscal & non-fiscal incentives, infrastructure development, skill development and cluster approach for the development of the sector. At its meeting on Monday, the SLSWCA also cleared several other big-ticket investment proposals. They include a Rs 980 crore chemical manufacturing unit by Himadri Speciality Chemicals at Jajpur and a Rs. 200 crore integrated apparel manufacturing facility by Colortone Garments at Khurda. This facility will employ 4820 workers.

You may also like

Welcome to Food – Drink & innovations, India’s 1st monthly webzine/ e-zine on food industry. It gives valuable insights on the recent trends & innovations happening globally.

Facebook Feed

Latest Articles

Fooddrinkinnovations.com © COPYRIGHT 2016

Adblock Detected

Please support us by disabling your AdBlocker extension from your browsers for our website.