Rs 7000 crore investment in food processing: KTR
Hyderabad: The Telangana government had added a fixed capital base of Rs 7000 crore since last five years for food processing capacities, said IT and MA&UD Minister KT Rama Rao on Saturday.
He informed that the State is hosting companies like Coca-Cola, PepsiCo, ITC, and others in the industry. He said that Telangana was moving forward in five revolutions, including in the agriculture sector, dairy, meat, and fisheries, all at once.
He inaugurated the first edition of Food Conclave 2023 in the city.
Speaking on the occasion, KTR added that the conclave was not just about exploring trade opportunities but also to make the country a one-stop destination in terms of food production and processing and meet the food needs of the rest of the world.
“Food Conclave would become a go-to destination for all food industry companies. It would create 50,000 jobs that have been announced by companies. Details will be shared during the course of the day,” said KTR.
“Telangana is the seed bowl of India, the poultry capital of India in today’s scenario while it was also a nutraceuticals hub in the past and would regain the position soon,” added the minister.
