Food Processing Sector Had Bountiful Opportunities

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Food Processing Sector Had Bountiful Opportunities

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There are plenty of opportunities for investments in food processing sector. Farmers and Entrepreneurs should use in effective way. Told by YS Prasad, AP Food Processing Society Chief Executive Officer.

On Saturday, conducting a State-level seminar on ‘Opportunities in Food Processing Sector’, jointly organized by Andhra Pradesh Chamber of Commerce and Industry, AP Food Processing Society. YS Prasad told that in the present competitive world and the sector had good future. There is no shortage of investments in food processing and earnings are very high, he pointed out.

Launched this, the State government had come up with the good new food policy and other then that setting up an important wing for its implementation, the State has earmarked large-scale funds, he said. YS Prasad added that those people coming forward to invest in the sector would get a 25 per cent concession of up to a maximum of Rs. 5 crore.

The concessions would be allow in purchase of land, stamp duty, NALA, power and water supply and other aspects. State has issued a GO on all approvals including allotment of land would be done in 21 days he told.

Thanks to the government’s program, during the past three years as many as 462 MoUs with an investment to the tune of Rs. 12,000 crore have been signed. Of these, 236 projects worth Rs 10,000 crore are already grounded, providing jobs for 75,000 persons, he told.

He asked farmers and entrepreneurs to come forward and sign MoUs with the same zeal during the Partnership Summit to be held in the city from 24 to 26 February.

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