Unique Organics Limited, a Jaipur-based listed Export House, is planning to invest Rs. 500 crore to set up an herbal tea processing unit in North Bengal.
J P Kanodia, Managing Director of the company, said that land had already been identified for the project, and negotiations were now on with the landowners for setting up the herbal tea processing unit.
Since the company was already a certified organic processor of herbs and spices, it would get a head-start in the venture, he said. The company, he said, was also looking at growth in the area of oil seeds and millets, which held huge export potential.
“We are looking at setting up processing facilities in the state so that the export of these products can be started.”