Q: What about the rest of the money that will be used for capex? Where would that come from?
A: That would be debt finance. So roughly around Rs 300 crore, Rs 100 crore would be our equity could be from internal accrual and the market money that we would raise and Rs 200 crore would be debt that we would take on board. The balance equity money would be used for long-term working capital.
Q: Some of your guys have seen some interest in setting up food parks. Could you tell us a little more about that and what is the progress on that?
A: We have already have food parks in West Bengal. We are already involved with one food park that is being implemented. We have also bid for two food parks. One is in UP and Maharashtra. Amongst the four that were re-tendered for the food processing ministry we have to await the results of who actually gets these allocated.
Q: How are the other bidders?
A: There are lots of other bidders. I am given to understand that they had the heaviest response for the food parks this time around when they put out bids. Almost 47 people, I am given to understand, have bid for various food parks.
