Chief Minister Y.S. Rajasekhara Reddy on Thursday laid the foundation stone for a Spices Park at Mydavolu village in Yadlapadu mandal. Union Minister of State for Commerce Jairam Ramesh was present.
The Spices Park would come up on a 125-acre site, making it the largest of the six parks coming across the country. It would have facilities for mass drying of Chilli, besides processing, drying and pulverizing of other spices.
Speaking on the occasion, Dr. Reddy termed the park a boon to the farmers of the region who had been cultivating chilli and turmeric for many years. The spices laboratory which would also come up in this region would provide the technical and scientific assistance to the farmers. He assured the farmers, who had given away land for the park, jobs in the Government.
Union Minister of State for Commerce Jairam Ramesh said that the park being built at a cost of Rs.85 crores would be completed within two years. The Commerce Ministry would provide Rs.25 crore, while the remaining amount would be pooled through investments from four private companies. He said that four private companies had already evinced interest in setting up facilities and land had been allotted to them. Guntur M.P Rayapati Sambasiva Rao, Ministers M. Venkata Ramana Rao, M. Hanumantha Rao, Chilakaluripet MLA Marri Rajasekhar, MLAs and MLCs were present.