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Telangana receives Rs 7218 Cr investments in agri-food industry
AgroSpectrum
|June 2023
The Food Conclave 2023
The state of Telangana received an investment worth Rs 7,218 crore at the Food Conclave 2023, with the potential to generate 58,458 direct job opportunities in the agri-food industry. K T Rama Rao, Minister for Industries and Commerce, Government of Telangana, announced that 27 MoUs were signed between the Telangana Government and agri-food companies during the event.
The First Food Conclave 2023, organised by the state government of Telangana, on April 28-29, 2023, was attended by key figures such as S Niranjan Reddy, Minister of Agriculture, T Srinivas Yadav, Minister of Animal Husbandry and Fisheries, Prof. Ramesh Chand, Member, NITI Aayog, Dr R S Sodhi, President of Indian Dairy Association and Dr M Vijay Gupta, former Assistant Director General, World Fish Center.
In his address, KT Rama Rao emphasised the state's focus on food processing as a core thrust area and highlighted the addition of over Rs 7,000 crore worth of fixed capital base to food processing capacities in the past five years. To further boost the food processing sector, the state is developing Special Food Processing Zones that will cover more than 10,000 acres. The conclave resulted in over Rs 7000 crore investment commitments across sectors such as Aqua, Dairy, Agro Processing, and allied sectors creating a total of 58,458 direct employment opportunities.
"Telangana's industry-friendly policies, robust and fast-growing raw material base, world-class industrial infrastructure, and active facilitation provided by the state government make it the most favourable destination at this point in time," stated Rama Rao. "Not only is Telangana revolutionising production, but it is also creating an ecosystem to nurture a talented workforce for the benefit of industries."
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