Cremica, suppliers of breads and sauces to top fast food chains in the country and Ajanta Pharma, will invest around Rs 800 crore together in the region in the near term by setting up their manufacturing facilities on over 15 acres of land in and around Special Economic Zone.
Cremica has proposed an investment of Rs 230 crore in phases in the region. The company will set up the manufacturing unit on over 10 acres of land near Special Economic Zone.
The bread and sauces manufacturer is expected to supply products to leading fast food restaurants and food chains of the region. Industry experts have been pressing the industry department to allot land to food processing companies in the region for the benefit of the local farmers. The region is a leading producer of soybean, wheat and pulses.
Ajanta Pharma will be investing around Rs 500 crore in the region. The company will set up its facility in Special Economic Zone.