• search

Mahalaxmi group to set up food processing park

Written by: Staff

Vijayawada, Apr 1 (UNI) The Mahalaxmi Group Private Limited will set up a food processing park at a cost of Rs.1,000 crore in coastal Andhra Pradesh.

Announcing this at a press conference here, its vice-chairman and managing director Y.Harish Chandra Prasad said the park would benefit the farmers to a large extent in the coastal area.

Being set up on the lines of international standards, he said water treatment, cold storage, testing lab and food processing units be there in the park. He also said the invents prepared here would help to send to the food chains in the world.

The company would also set up 1,040 mw coal based project in Orissa and an I.T park in Hyderabad. For this Mahalaxmi group would work with Nava Bharat Ferro Alloyis (NBFA) private company.

The Mahalaxmi Group would set up industries in stages at a cost of Rs.8,000 crore and funds for these will be earmarked through public issues and Foreign Direct Investments, he added.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more