Top Ramen to open shop in Odisha in Nov

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    Reported by Chinmaya Dehury/Edited by Swetaparna Mohanty/SS

    Bhubaneswar, July 25

    Japanese company Nissin Foods all set to commence production from its Rs 100 crore food processing unit at Khurda from November 11. The company that makes ‘Top Ramen’ instant noodles today invited Chief Minister Naveen Patnaik to inaugurate their Khurda plant.

    “We came to invite the Chief Minister for the inauguration of our new noodles factory at Khurda. The project is almost complete and it will be inaugurated onNovember 11,” Akihide Matsuo, managing director of the company, told media persons here after meeting Patnaik.

    Biggies in the sector like Britannia, ITC, Parle Agro Indo and Nestle have comeTop Ramen up with a string of investment proposals for setting up food processing units in the state.

    The recently announced food processing policy of the government provides for financial assistance up to 50 per cent of the cost on plant and machinery and technical civil work subject to a maximum of Rs 10 crore for setting up cold storages.

    The food parks — Rayagada, Huma and Khurda — are being set up on public-private partnership (PPP) mode with the Industrial Infrastructure Development Corporation (IDCO) providing infrastructure support.

    Farmers’ groups, self-help groups (SHGs) and individual farmers will provide raw materials to these parks where value-added products will be produced. The food park at Rayagada is being set up on 110 acres, of which 50 acres have already been acquired, at an estimated cost of Rs 80.07 crore.

    The Huma food park in Ganjam district will come up on an area of 72 acres at a cost of Rs 116 crore. In Khurda, the government has already acquired 161.86 acres.

    The state government’s food processing policy provides incentives such as concession on land price, capital investment subsidy at the rate of 25 per cent of the project cost, interest subsidy, tax and electricity duty exemption as well as marketing support. Special subsidy at the rate of 20 per cent of project cost up to Rs 15 crore will also be offered to mega food parks and sea-food parks.

    The state has 25,689 micro, small and medium food processing units with a combined investment of Rs 1315.01 crore. These units will provide employment to 1.4 lakh persons.

    Besides, there are nine large-scale food-processing units with a total investment of Rs 380.53 crore in the state located at Rourkela, Paradip, Dhenkanal, Cuttack and Khurda.