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Telangana announces its food processing policy to create 1.2 lakh employment in the state

Telangana government unveiled its food processing policy in ongoing World Food India 2017 congress in New Delhi and announced that the policy aims to double the annual income of farmers from the existing of an average Rs. 1.25 lakh in the next few years apart from the many other advantages to the state. The state government signed Memorandum of Understanding (MoUs) at World Food India conference attracting investments worth Rs 7,250 crore in New Delhi.

The policy, which will be in force for the next five years, is expected to realize Rs 20,000 investments and create about 1.2 lakh employment in the state.Interestingly the policy is also proposed to have an AgriTech fund for promoting startups in the food processing sector.

According to the government, the companies that have committed to invest in the state include Prayagh Nutri Products, Annapurna Agriculture Private Limited, Bluecraft Agro Pvt. Ltd, Bikanerwala, Nutrimmense Foods and Supplements, Creamline Dairy and others. All of these have entered into Memorandums of Understanding (MoU) with the government.

“Telangana has a strategical advantage in agri food processing sector due its location. Several companies expressed interest to invest in state during World Food India summit and the newly unveiled food processing policy will further make it an attractive destination. We are aiming to attract `20,000 crore investments and create 1.25 lakh jobs in agri-food processing sector in the state over the next five years,” said Telangana Industries Minister KT Rama Rao.

KTR said the state government has been taking measures to promote district-specific processing industries like spices park in Nizamabad, sugarcane in Medak, sweet citrus fruits in Nalgonda, and others food parks. “Four new mega food parks have already been cleared by the Centre in the state,” he said.

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Ashok Kumar

Dr. Ashok Kumar is Chemistry Professor, Blogger, Film maker, Writer and Traveler.

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