Dynamic Gujarat: MOUs worth 2359 crore in agribusiness

The government of Gujarat on Tuesday signed eight memoranda of understanding worth 2,359 crore in the areas of agriculture, agri-food processing and agricultural infrastructure as part of the pre-Vibrant Gujarat World Summit.

The largest amount of investment was made in the field of ethanol manufacturing, which saw the execution of three MOUs worth ₹ 1342 crore to Dahej.

The companies have signed memoranda of understanding to produce ethanol from rice and corn in the state.

New Delhi-based Luna Chemicals Pvt Limited of RLG Group has committed 650 crores of investment to set up an ethanol project with a capacity of 500,000 liters per day. The company has two manufacturing sites in Gujarat, one in Ankleshwar and the other in Dahej. Its products include acetic anhydride, absolute alcohol, ethyl alcohol, nitrobenzene, among others.

The chemicals major UPL has made investments worth 500 crore for an ethanol plant with a capacity of 500,000 LPD. The third company, Aamanya Organics Private Limited, promoted by Saurin Dilipbhai Shah headquartered in Ahmedabad, signed a memorandum of understanding for 192 crore yen for the establishment of a 150,000 LPD ethanol plant. Similar investments for similar capacities have been made by Ahmedabad-based DAPS Infra Pvt Limited, a property development company promoted by Dilipkumar Pandya.

Iskon Balaji Foods Pvt Ltd, another branch of the food business of Iskon Group, based in Ahmedabad, signed a 500 crore MoU to set up a factory for the production of frozen potato snacks in Himmatnagar in northern Gujarat.

Other projects in the agricultural space include 200 crores for an ecological e-commerce of agricultural products project in Gandhinagar.

Punjab-based Paras Spices signed a memorandum of understanding worth 100 crore to set up a dehydration unit, packing station, spice sorting and grinding unit in Rajkot.

Chennai signs a memorandum of understanding

For the development of agricultural and aquaculture infrastructure, the ICAR-Central Brackishwater Aquaculture Institute of Chennai signed a 25 crore memorandum of understanding, according to a government statement.

All MoUs were signed in the presence of Gujarat Governor Acharya Devvrat and Union Minister for Livestock Parshottam Rupala at a ceremony held at the Agricultural University on Tuesday. d’Anand, Anand.

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