25 food processing clusters to be set up by Smile Parks in UP by 2020
A food-processing cluster has been launched by Smile Park Industries on the Lucknow-Faizabad highway. The cluster is at a distance of approximately 65 km from the UP state capital.
In connection with the launch of the food-processing cluster by Smile, the company’s Harsh Chaturvedi has revealed that the company has worked out a roadmap for launching 25 such food-processing clusters all across UP by 2020. For setting up the food-processing clusters, Smile will make a total investment of more than Rs 3,000 crore; and will set up 2,500 individual units.
According to the details shared by Chaturvedi, the individual units in each of the proposed food-processing clusters will be owned by micro entrepreneurs; and local farmers will source the agricultural products.
Pointing out that UP has suffered more than 18 percent wastage of its horticultural production because of lack of requisite facilities such as proper warehousing, transpiration and food processing, Chaturvedi said that Smile will facilitate the establishment of micro units — it will help the micro entrepreneurs form a company, get all the necessary clearances from the government, bank loan, etc.
In addition, Chaturvedi also said that Smile will 100-percent purchase guarantee to entrepreneurs for food items processed at their individual units.
Source- Business Standard
