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Logistic solutions for large-scale industries
With regard to the growing demand and requirement for logistics facilities as the existing ICDs are insufficient, we provide the perfect solutions to manage the ever-growing traffic. Over 20000 acres of industrial parks and manufacturing clusters around the proposed project location allows for smooth processing of large-scale cargo, storage, and transfers.
Many export-oriented units such as granite, coffee, gherkin, ginger, sugar factories are in the vicinity of the project site. Mandya is one of the major agriculture raw material producing districts and is considered as the rice and sugar bowl of South Karnataka. Presently export from Coorg, Chikmagalur and Hassan is diverted to Chennai, which is about 450 Km increasing the cost of exporting.
- Inland container depot (ICD): Bangalore to Mangalore and Bangalore to Mumbai is the traditional
logistics region catering to Northern, Central and Western India.
- Railway siding: The project has received railway siding in-principle approval from south-western railways.
- Approved land: 97 acres of govt. approved land to set up any industry.
- Railway siding: The project has received railway siding in-principle approval from south-western railways.
- Essential amenities: Fully equipped with approved 1.5 MLD water and 30 MW power.
- The project site is located just 93 Kms from Bangalore on the NH- 75 (Old-48) Connecting Bangalore and Mangalore.
- It is near the Bangalore-Hassan- Mangalore railway line (South western railway), on the Bangalore – Mangalore and Bangalore- Mumbai highway, which is the traditional logistics region catering to Northern, Central and Western India.
- The proposed location is surrounded by 20000 Acres on industrial areas viz., Dabaspet (40 Kms) Kunigal (15 Kms), Narasapura, Tumkur (60 Kms) and Hassan (80 Kms).
● Mechanized warehouses
● Container terminals & bulk cargo terminals
● Handling domestic/EXIM cargo
● Specialized storage solutions (cold storage)
● Mechanized material handling and inter-modal
● transfers facilities
● Custom bond house
● Value addition facilities
Major advantages of setting up an industry at Favorich Logistics Parks:
● Perfectly suitable as it is located on the National Highway 75, which is just 93 kms from Bangalore
● Avail concessional rate of registration charges at Re.1 per Rs.1,000
● 100% exemption from stamp duty and income tax on profits made during the first five of establishing fruits and vegetable-based processing industries
● Up to 6% of interest subsidy for industries with less that Rs. 35 lakhs investment in plant and machinery
● Maximum of Rs.10 crores subsidy from Ministry of Food Processing Industries
● Rs.10 crores loan at 4% interest rate and seed capital at 15% of the project for SC/ST entrepreneurs
● 50% of the cost of Effluent Treatment Plants are subject to a maximum of Rs. 100 Lakhs per unit
● Rs. 10 crores loan at 4% interest rate to women entrepreneurs