Indus Best Mega Food Park is planning to develop a mega food park at Bemta and Sarora villages, Tilda taluka in Raipur district of Chhattisgarh.
An official from the company disclosed to ProjectsToday (PT), that it intends to develop a mega food park over 70 acre with an investment of Rs 100 crore. Of the total project cost, around Rs 40 crore will be funded through bank loan and the remaining Rs 60 crore from internal accruals.
Indus Best Mega Food Park has already acquired land and has also appointed IL&FS Infrastructure Development Corporation as consultant for the project.
The company has applied for Change of Land Use (CLU) certificate and is waiting for the necessary sanctions for the project. It expects to commence work on the project by January 2014, with completion scheduled for December 2016.
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