Food processing firms to invest in Karnataka

Four companies have committed to invest Rs 150 crore by setting up of units at an integrated food park in Tumkur district.

The investment was committed at the ongoing World Food India event, Future Consumer CEO (food parks) Sanjay Malpani said. Investments by four companies, which include Saroj Agro, DG Agro and Nilgiris have been formalised, he said. "We have currently 20 units in the food park."

Tumkur, Karnataka based Integrated Food Park Private Limited (IFPPL), is a partnership of Kishore Biyani-led Future Group and the Ministry of Food Processing of India.