Future Group plans to invest Rs 2500 crore in food processing infrastructure development in Madhya Pradesh, official sources said today.
This will create direct employment for nearly 6400 people and indirect jobs to over 18,000. The plan to invest Rs 2,500 crore in Madhya Pradesh was conveyed by Future Group chairman Kishore Biyani during his recent meeting with Chief Minister Shivraj Singh Chouhan in Mumbai, sources said.
The MoU for the proposed investment will be inked by the Future Group at the Global Investors' Summit scheduled to be held at Indore next month.
The group has also inspected potential locations in Indore and Bhopal to set up food processing related infrastructure like cold chains, greenhouses, grading and packing facilities, sources said.