Nashik firm Siva Sai Export and Andhra Pradesh firm Polysetty Somasundaram Agro have finalised their investments worth Rs 200 crore to set up units at the Vinchur food processing park, near Nashik.
The two food processing plants are expected to become operational within the next one-and-a-half years.
Maharashtra Industrial Development Corporation (MIDC) has already allotted 17 acres to Siva Sai Export and 7.5 acres to Polysetty Soma at the food processing park, located adjacent to Vinchur Wine Park, near Niphad.
Siva Sai Export is setting up the food processing unit at an investment of Rs 100 crore, which will provide direct and indirect employment to 3,500 people. Apart from this, it will involve around 30,000 farmers into contract farming.
Polysetty Somasundaram Agro is setting up a dehydration plant for onions and other vegetables at an investment of Rs 100 crore, which will generate 1,600 direct and indirect jobs and involve close to 40,000 farmers through contract farming.
These two units are expected to create direct and indirect jobs, in addition to involving around 70,000 farmers in contract farming to outsource production of vegetables and fruits.