Govt to invest Rs 324 cr in AP, Maha food parks
PTI The Government said it is setting up two mega food parks at a cost of Rs 324 crore in Andhra Pradesh and Maharashtra under its ambitious Sagarmala project."As part of the Sagarmala Programme of the Ministry of Shipping, two mega food parks projects are being implemented in Kakinada, Andhra Pradesh and southern Maharashtra by the Ministry of Food Processing," Ministry of Shipping said in a statement.The projects are strategically situated in CEZs (Coastal Economic Zone) with proximity to ports and will give boost to the EXIM trade for food processing sector.The Andhra Pradesh Industrial Infrastructure Corporation mega food park at Krishna with its proximity to Visakhapatnam and Kakinada port will draw its synergies from Vizag-Chennai Industrial Corridor (VCIC) in North Andhra ...
Germany's Linde Group mulls $200 mn investment in India
Source: PTI The Linde Group of Germany is planning to invest over $200 million (about Rs.1,300 crores) in Andhra Pradesh in fisheries-related areas. The Group’s Chief Executive Officer Wolfgang Buchele, Member of Executive Board Sanjiv Lamba and other company officials met Chief Minister N Chandrababu Naidu in Vijayawada on Friday and expressed interest in working with the state in freezing of seafood, an official release said. Andhra Pradesh is one of the top states in fisheries production in the country. During the meeting, Buchele explained Linde's expertise in cryogenic freezing of food, international gases market and engineering expertise in supporting olefin plants, natural gas plants and air separation plants, as well as hydrogen and synthesis gas plants. He said the company ...
Indian government announces funds to boost food processing, exports
NABARD to release Rs.3,000 crore as loans for establishment of food processing units, cold chain infrastructure Sachin Manawaria | @TheDollarBiz The funds announced by the government will help modernise existing food processing facilities as well (Pic - The tea factory in Munnar is the oldest tea factory in India) The Indian government has embarked on several measures, including funds for food processing units and cold chain facilities, to help improve the countrys food processing sector and boost exports. India is a top producer of food grains, and fruits and vegetables, but processed food exports remain stunted because only 2% of total production is currently processed in the country. Lack of food processing and cold chain facilities are also reasons behind the high ...
