New Delhi: With the inauguration of this food processing unit, 5000 farmers will be benefitted and it is expected to leverage an investment of Rs 50.33 crores, said Smt. Harsimrat Kaur Badal, Union Minister for Food Processing Industries.
Inaugurating the food processing unit located in Barabanki, Uttar Pradesh through video conference today, Smt. Badal said that the food processing sector is witnessing robust growth and has been identified as a champion sector by the Government of India.
Smt. Badal urged the promoters of the unit to experiment and invest further into new innovative products in the organic segment of food processing sector.
She added that food processing Sector offers a huge potential for Export of value-added items which will not only earn foreign exchange but will also create employment in the domestic market.
She informed that the Food Processing Sector has grown at the AAGR of around 8.41%. The unit namely M/s Organic India Pvt. Ltd is likely to generate direct employment of 100 and indirect employment of 250 persons.
A processing capacity of 3 MT per day has been created and the unit will process agro produce worth Rs 350 crores.
Highlighting the food processing potential in Uttar Pradesh, Union Minister said that the diverse basket of agricultural raw material base and agro-climatic attributes of UP provide the requisite platform for the state to develop a vibrant food processing industry.
She added that the food processing sector can become important link between two main sectors of the state economy, agriculture and industry.
Addressing at the inauguration, Shri Rameswar Teli congratulated the promoters of the unit for setting up this food processing unit that would benefit the famers and provide employment to the people of the region.
Shri Teli added that a robust food processing sector is essential for the development of agriculture, value addition and for promotion of exports.