DVC plans set up food processing cluster at Panagarh near Durgapur

Damodar Valley Corporation (DVC) is planning to develop food processing clusters in Panagarh near Durgapur. The central power utility has 250 acres of unused land in Panagarh, just 14 Km from Durgapur.

damodar-valley-corporation-dvc
Damodar Valley Corporation

DVC chairman R N Sen told reporters on the sidelines of a conference organized by MCC Chamber of Commerce, “We shall talk to the Bengal state governments in this regard. DVC has no plans to set up thermal power unit on this land parcel.”

Mr Sen further added, “A cargo airport is coming up at Durgapur, which is just 20 km from the land owned by DVC in Panagarh. This area will be ideal for food processing industry. I am confident that a lot of companies will be interested. We will discuss this issue with the state commerce and industries minister Partha Chatterjee. A food processing cluster here will be a win-win situation for both the airport and the industry.”

It may be noted that Matix Fertilisers is setting up a fertilizer plant in Panagarh with an investment of Rs 6,000 crore while Jayshree Tea and Industries (B K Birla group firm) has recently proposed to set up a fertilizer unit in the area worth Rs 1,000 crore.

The DVC proposal will be a shot in the arm for the state government as Industry Minister Partha Chatterjee had said in a CII meeting recently that land will not be a problem for industry in Bengal. Chatterjee was trying to allay fears of the industry circle following the comment of new CII president S Gopalakrishnan that if industry has to come then land is required for that and the state government should act as facilitator.

According to state industry ministry sources, the second biggest chunk of land is available in Panagarh Industrial Park (900 acres).

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