AP signs 17 MoUs of Rs.4,000 cr at World Food India 2017
In a major boost to food processing sector in Andhra Pradesh, the state government signed 17 Memorandum of Understandings (MoUs) worth around Rs 4,000 crore with reputed
international and national food processing companies in New Delhi last fortnight.
These agreements were signed in the presence of Andhra Pradesh Chief Minister Mr. N Chandrababu Naidu at the inaugural session of World Food India-2017.
Speaking to mediapersons, Mr Naidu expressed happiness that many companies were coming forward to invest in Andhra Pradesh.
“We brought a separate policy to promote food processing in AP and the focus will continue to be there to benefit farmers,” he added.
The first-ever World Food India 2017 was inaugurated by Prime Minister Narendra Modi.
The Andhra government signed a major MoU with Sharaf Group from United Arab Emirates (UAE) which promised to invest Rs 2,000 crores to setup a logistics and food park in the state.
The Chief Minister held meeting with the Group Vice President, Mr. Shyam Kapur and invited them to setup Mega Food Park by assuring all the cooperation in terms of providing land, water and necessary logistics. The company also came forward to work with the state on capacity building in boosting productivity.
Haldiram’s signed a MoU with AP Government to set up a Food Processing and Manufacturing unit with an investment of 400 crores. A MoU was signed with Janani Foods Pvt Ltd which promised to invest 500 crores on setting up an integrated Horticulture Project in the state.
Other major MoUs were signed with ITC, Keventer Agro Ltd, Sesh Sai Foods, MNR Agri Food Products, Foods and Inns, Freshfrugies, RF Exports, Tifosi Foods and Waycool. AP Government also signed a MoU with Supermarket Grocery Supplier Pvt Ltd. (BigBasket.com) to promote organic farming and provide market linkages to organic farmers.
The Chief Minister also held one-on-one meetings with the corporate leaders in the food processing industry and invited them to invest in AP. He also met with Global Chief Executive Officer (CEO) of Cargill Foods, Pieter Boone and explained how Andhra Pradesh was growing at a high pace in agriculture, aquaculture, poultry, dairy and livestock.
Keventer Agro Ltd Managing Director (MD), Mr. Mayank Jalan, in a meeting with the Chief Minister came forward to set-up a Banana Procurement and Processing unit in AP. A MoU worth 250 Crores was signed in this regard. The Chief Minister invited them to set-up a banana cluster in the state. He also said that AP is already leading in terms of yield per acre of banana plantation and can become global hub for banana production. The Chief Minister also held meeting with Mr.Brent Afman, MD – ASEAN for OSI Vista Group, premier global supplier of custom value-added food products. He met Ms. Michele Janizac and invited French companies to invest in Dairy Processing Technology and Manufacturing equipment.