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World Food India 2017: Haryana signs over Rs 2,000-cr pacts in food sector

With 44 agro-based and food processing enterprises and establishments that will provide employment to 5,012 persons

Press Trust of India  |  Chandigarh 

Haryana Chief Minister Manohar Lal Khattar. (FIle Photo)
Haryana Chief Minister Manohar Lal Khattar. (FIle Photo)

The government today said it has signed initial pacts worth Rs 2,069 crore with 44 agro-based and food processing enterprises and establishments that will provide employment to 5,012 persons. The Memoranda of Understanding (MoU) were signed today in the presence of state chief minister at the Session on the second day of the three-day organised in the national capital, according to a government release. Assuring the investors of all possible assistance, the chief minister said the state government would soon implement the Agri-Business and Food Processing Policy, 2017. He said the state government was working at different levels to double the income of farmers by making agriculture profitable. As compared to 2015-16, food production has increased by 8.67 per cent in 2016-17.

Similarly, as compared to 2011- 14, milk production has increased by 16.9 per cent between 2014 and 2017, and production of fish has gone up by 20.1 per cent. There is a great potential for investment in the agri- based and food processing industry sector. To make this sector investor-friendly, the Agri-Business and Food Processing Policy, 2017 would soon be implemented. New drivers of growth such as agro-marketing reforms, development of mega-food parks, registration of more FPOs, promotion of start-ups in agri-business and providing conducive business climate have been given due emphasis in the policy. The chief minister said in terms of the 'ease of doing business', has advanced to second place from sixth place. Recognising the importance of agro and food processing sector, the Enterprise Promotion Policy 2015 identified it as one of the thrust areas. Several incentives such as investment subsidy on SGST, interest subsidy at the rate of 6 per cent, support for primary processing centres, stamp duty refund, external development charge exemption and power tariff subsidy have been made available to food processing units in the state. After the Session, the chief minister inspected the stalls put up by various establishments by going around the Pavilion at World Food India, 2017. As many as 14 food processing units of private sector are exhibiting their products and processing procedures.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sat, November 04 2017. 22:00 IST
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