The new food processing policy will help establishing at least ten food processing zones over 500-1000 acres. It will increase to 10,000 acres by 2024-25. Incentives will be provided to entrepreneurs who are interested in setting up units.
Hyderabad: The new Telangana Food Processing policy, approved by the Telangana Cabinet, is set to be a game-changer in the promotion of food processing industries in the agriculture-intensive Telangana State.
The new Telangana Food Processing policy, recently approved by the Telangana Cabinet, aims to encourage export-oriented food processing units in anticipation of an increase in food grains production each year.
The policy will establish at least ten food processing zones over 500-1000 acres. It will increase to 10,000 acres by 2024-25. Incentives will be provided to entrepreneurs who are interested in setting up units.
The government will purchase land and give it to the applicants in accordance with eligibility norms. The investment target of Rs25,000 crore will provide direct employment for 70,000 people and indirect employment for three lakh more. ‘Plug and play’ facility at sheds constructed by the government will be provided for SCs, STs and minorities. For SC and ST women living in rural areas, the government will offer opportunities to set up units.
Rice mills, ancillary units of rice products and processing units of pulses, oilseed, flowers, fruits, vegetables, meat, fish, poultry, dairy and dairy products were proposed to be sanctioned in the zones.
Around the areas that are barred from human construction or dwelling, a buffer zone of up to 500m would be established. The deadline for applications was extended from July 12 to July 31. The Cabinet meeting noted that a conducive atmosphere for food processing was created in the State due to stepped-up production in agriculture, horticulture, animal husbandry, dairy and fisheries sectors on account of increased storage capacity of irrigation sources. Incentives were created for producers, farmer organizations, and self-help groups to increase the value chain in food processing. In general, the goal was to create an environment of industrialization in rural areas.
Photo courtesy freepik
YOU MAY ASLO BE INTERESTED IN:
Investment Environment and Opportunities for Food Processing Industry in Punjab
Gujarat: Investment Environment and Opportunities for Food Processing Industry