Food processing sector signs 168 MoUs with Andhra Pradesh


The Andhra Pradesh government has signed 168 Memorandums of Understanding (MoUs) with the food processing sector on the second day of the three-day CII Partnership Summit.


The food processing industry is proposing to invest Rs 3,424 crore in the sector that will create 48,298 jobs.


Union food processing secretary J P Meena stated that Andhra Pradesh has some of the most progressive policies among Indian states in the food processing sector.


The central government has created a special fund of Rs 2,000 crore, administered by Nabard, to help in the setting up of food parks in the country.

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