Shahuwadi Taluka Shetkari Sah. Dextrose Karkhana plans to set up a plain starch and dextrose unit at Gogave Village in Kolhapur district of Maharashtra.
A spokesperson for the company informed ProjectsToday (PT) that it intended to set up a plain starch and dextrose unit with a capacity of 150 tonne per day in Maharashtra. The company has already acquired 17 acre for the project.
The project entails an investment of Rs 40 crore. Around 60 per cent of the project cost will be funded by National Cooperative Development Corpn; 36 per cent by the state government; and the remaining four per cent by internal accruals.
Work on the project is expected to commence by December 2014. The company has received the necessary clearances from the state government and is scouting for machinery suppliers for the project.
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