Andhra Pradesh

Ragamayuri group to set up Food Park in Kurnool

Kurnool-based Ragamayuri Group has planned a mega food park and an electronic park with the centre of activity on Telangana-Andhra border. The core food park will come up at Putandoddi in Mahabubnagar District of Telangana, 35 km from here and the processing centres at Kurnool, Ranga Reddy, Anantapur and Kadapa.

Group Chairman K.J. Reddy said that the company would invest about Rs. 112 crore to create infrastructure for 50 individual units which will be engaged in various activities of food processing and value addition. The project was approved by Central Ministry of Food Processing, which would provide a grant of Rs. 50 crore. The investment size of the guest companies are likely to be in the range of Rs. 2,000 crore.

As part of the infrastructure, the host company will build roads, power lines, cold storage of the capacity of 5,000 tonnes, dry godowns of 80,000 tonnes, silos of the capacity of 10,000 tonnes testing lab, reefer vehicles, ripening chambers, solar plant of 2 mw capacity and a training centre.

According to the promoters, the food park was likely to create 10,000 jobs and marketing facilities for one lakh farmers.

The food park would be operational by July 2017. The park is likely to process pulses, cereals and fruits like mango, papaya, citrus, guava and vegetables like tomato, brinjal, lady’s finger, onion and a variety of other vegetables.

The food park would have strategic links with markets at Hyderabad, Bangalore, Chennai and Vijayawada. The guest companies could either own the land or lease it on long-term basis.

Also, the group plans an electronic park at Kodikonda with facility to manufacture LED lamps, medical and aerospace electronic components and mobile assembling. Five companies hired the facility so far. The park would attract an investment of Rs. 1,000 crore.

Mr. Reddy said that the din created by bifurcation blues had subsided now and one should think of business beyond state boundaries. With the same spirit, the group forayed into Telangana and Andhra Pradesh.

This article is closed for comments.
Please Email the Editor

Printable version | May 10, 2021 10:07:11 PM |

Next Story