17 Pacts Guarantee an Uphill Journey for Food Processing Firms in AP

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The World Food India that was held recently proved to be a perfect platform for the AP government to give a boost to the food processing arena. Keeping in line with this aim, about 17 pacts that amount up to INR 4000 crores were signed in collaboration with reputed Indian and International giants of the sector.

Chief Minister of Andhra Pradesh, N Chandrababu Naidu was present at the occasion of the inauguration of this 3-day long World Food India program, which was organized by the Central Government. All the MoUs were signed in his presence.

One of the major pacts signed was with Sharaf Group of UAE, who have consented on investing INR 2000 crores for developing a logistics and food farm in the state.

One-on-one meetings between CBN and the leaders of the major food corporations were held, with the CM inviting them to invest in various projects in Andhra Pradesh. What’s more, he gave them the much needed assurance of providing them all the basic necessities like water, land and other logistics that would be required to set up a business.
In order to ensure that the coming of the global giants does not mark trouble for the local farmers, the state government has implemented some crucial policies for promotion of the food processing sector.

Among the companies that have signed MoUs with Andhra Pradesh is the renowned Haldiram group, which plans to invest INR 400 crores to set up a manufacturing and food processing unit. With an investment amount of INR 500 crores, Janani Foods Pvt intends to set up an integrated horticulture project. Keventer Agro aims at setting up banana procurement and processing facility and has promised an investment of INR 250 crores.

The other corporate entities who signed pacts with AP government include Waycool, ITC, Tifosi Foods, RF Exports, Freshfrugies, Sesh Sai Foods, Foods and Inns and MNR Agri Food Products.
Supermarket Grocery Supplier Pvt Ltd aka BigBasket.com have also signed a MoU with the state government. The aim of this MoU is promotion of organic farming while also providing farmer with market links.

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