Akshay Food Park Limited

Seamless Manufacturing, Warehousing, Logistics and Marketing Services Industrial Solution for accelerated growth

About Us


Empowering manufacturing companies and startups with a Unified Industrial Ecosystem.
Your one-stop destination for comprehensive warehousing, manufacturing, and food Processing operations – tailored solutions to streamline and scale Your business

  • 30 years of Industry Experience
  • 200+ Partnered clients
  • 2 PPP projects
  • 2 World Bank Projects
  • 250000 Sq.M Leasable Land
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    • Akshay Food Park

    A premium Industrial facility, specially crafted in association with MOFPI, The Government of India for food production and manufacturing, equipped with modern amenities and tailored solutions to foster growth, innovation, and business success in the food sector.

    Mission

    With 30+ years of experience in the Sector, we strive to be a leading force in the industry, setting new standards of excellence and contributing to Stronger and Developed Nation.rw
    Delivering innovative solutions that drive sustainable growth and meet the evolving needs of our clients in the agro-processing, manufacturing, and large-scale infrastructure development sectors.

    Milestone

    1994

    AgriFood Business Consultancy Firm, worked with 150000 farmers and 140 Food Processing Industries.

    2000

    Partnered with State Government and formed a Special Task Force Committee for Agro Processing Industries

    2002

    State Government incorporated a Special Purpose Vehicle, subsidiary company of M/s KIADB with minimum share from the State Government through KIADB, KSIIDC and MSIL and major share capital from National Level Financial Institutions and Private Sector firms, for development of Food Parks on Joint Sector mode.

    2003

    State Government through the SPV called for an Expression of Interest in leading news papers, calling for Joint Venture Partnersfrom Private Sector corporates for development of Food Parks on PPP mode.

    2004

    Signed MOU and Joint Venture Agreement with State Government to establish the Food Park, along with State Government owned Special Purpose Vehicle, as 26% equity partners. The development of the project was based on MOFPI Food Park Scheme under the 10th five year plan.

    2009

    Obtained approved land from M/s KIADB under Single Unit Complex scheme of State Government to develop and promote Food Park in Hiriyur, Chitradurga District, Central Karnataka

    2010

    Completed Project and obtained completion certificate from MOFPI, Government of India. Allotted Industrially developed plots on sub-lease-cum-sale basis with 3 years lease period, subject to resumption incase of non-fulfilment of compliances.

    2018

    Approached the State Government for  Upgradation funds on par with Mega Food Parks.

    2022

    Obtained in-principle approval for Upgradation and Rejuvenation of Food Park on par with Mega Food Park, to fill the gaps in Infrastructure and services

    2023

    NABARD conducted an Impact Assessment Study of State Sponsored Food Parks in Karnataka and recommended Upgradation procedures and continuation of Joint Sector enterprise structure with the State Government.  

    How WE Create Value For Our Clients

    Basic Land Title

    • Approved by Karnataka Industrial Areas Development Board (KIADB), Government of Karnataka
    • Recognized by the Ministry of Food Processing Industries, Government of India
    • Status of a Single Unit Complex(SUC)
    • Clean title & Immediate Possession

    Essential Amenities

    • Water: 5 MLD
    • Power: 40 MW with Express Feeder

    Benefits

    • 100% Stamp Duty Exception
    • Grant Eligibility Under Pradhan Mantri Kisan Sampada Yojana, MOFPI, Govt. of India
    • Capital Subsidy based on Turnover- Government of Karnataka
    • Electricity Duty Waiver and more sector specific incentives

    Business Proposition

    • Lease Cum Sale
    • Land on Lease
    • Built-to-Suit
    • Plug & Play Sheds

    FAQ

    Akshay Food Park is a joint venture project with State Government and the project is approved by the Government of Karnataka through HLSWCC. The industrial land is allotted on a Single Unit Complex (SUC) basis by KIADB (Karnataka Industrial Areas Development Board), Government of Karnataka.

    Akshay Food Park, having experience in agro-food value chain and infrastructure projects, has a pivotal role in developing an organized state-of-the-art industrial area with basic and advanced common facilities like roads, water, power, STP, ETP, laboratories, security, and residential quarters. Akshay Food Park provides Laisoning facilities with the government, bankers, and other stakeholders in supporting and assisting entrepreneurs to setup industries.

    We are a Government of India notified Food Park. Land is transferred to the company under SUC norms from KIADB, State Government. And the location is well connected by Road and rail, on NH 48, Mumbai Bangalore National Highway, and major projects coming under Gati Shakti Project of Government. It provides all necessary common facilities, amenities, incentives and benefits from Central and State Government.

    The park provides developed plots of various sizes, starting from 10000 SFT and extending to larger contiguous areas tailored to your specific requirements.

    As per the KIADB guidelines, the industrial land will be allotted on a 3 year sub lease cum sale, post commercial commencement and operation of 3 years, eligible for a sale deed, upon meeting the compliances

    The sublease cum sale agreement attracts 18% GST on the registered amount payable.

    As per the Industrial Policy, Government of Karnataka, for the Hiriyur taluka, stamp duty is 100% exempted, whereas registration charges are Re 1 for Rs 1000.

    Most of the nationalized banks, like Union Bank, Canara Bank, Bank of Baroda, and a private bank, viz., Axis Bank, have approved project funding till date. 10 Industries are already operating since 10 years and 6 more are under construction stage having availed loans from Nationalized banks.

    Industries have to pay common maintenance charges towards management, security, housekeeping, maintenance of roads, drains, common facilities and others from the time of registration of Sub-lease-cum-sale agreement. The charges are payable on monthly, quarterly or even annual basis. And all dues needs to be cleared at the time of obtaining Absolute Saledeed.

    Staff quarters, weigh bridge, water supply, effluent and sewage treatment plant, warehouse, food grading and packaging, coldstorage, fruit Ripening, quality control laboratory, and other common facilities are available on a chargeable basis.

    Both state and central governments are offering incentives and benefits depending on the project type, investment, and sector-specific. That apart, being a Nationally developed Project, it falls in line with the progressive developmental plans of the Government such as Gati Shakti Program, I2U2 Program, PMFME, Agri Infrastructure funds scheme, etc.,

    Minor Millets, Maize, Pulses, Coconut, Groundnut, Spices, Coffee, Paddy, Pomegranate, Banana, Fig, Tamarind, Sugarcane,  and major other crops, as the Industrial Park is centrally located in the State, with less than 100kms proximity to all Districts.

    Depending on the type of the project, the approval varies; however, the following approvals are mandatory: Panchyathi NOC, project approval, building plan approval from KIADB, completion certificate from Company and KIADB, CFE/CFO from Pollution Control Board, Weights and measures approval, FSSAI and BESCOM approval.