PE giant to invest Rs. 300 cr in Bengal food park.

Bengal looks all set to get one of the biggest foreign direct investments (FDI) in food processing sector in India, which could also be the biggest project signed during chief minister Mamata Banerjee's first trip on foreign soil. One of the largest private equity firms which has large exposure in social infrastructure and agriculture will invest over Rs. 300 crore in the proposed Dankuni food park promoted by Keventer group.

For this first FDI in foods arena in Bengal, a memorandum of understanding (MoU) between the giant PE firm and Keventer group will be signed recently
in the presence of the chief minister and other top state government officials.

A source close to the development said Keventer is roping in Surbana, one of the biggest urban development planning bodies in Asia, for the planning and implementation of the proposed food park. Keventer officials had a long meeting with top executives of the Singapore-based planning giant recently.


THE TIMES OF INDIA