Chief Minister releases Food Processing Policy 2015-20

Thursday, December 3, 2015

Chief Minister Nara Chandrababu Naidu on Wednesday released Andhra Pradesh Food Processing Policy 2015-2020 at a conclave between Japanese and domestic food processing industry.

Speaking at the conclave, the chief minister said that the State Government is aiming to invest Rs 5,000 crore in the industry by 2020 beside creating 50,000 jobs. The policy is aimed at establishing integrated food processing parks in all districts. The main objective is to develop commodity based clusters to enable a focused and planned approach in developing the industry through a coordinated effort between different departments.

Under the policy, each integrated park will be set up in a minimum of 30 acres and also with a minimum of 10 processing units. The government will provide 50 per cent of financial assistance for setting up of the park with a limit to Rs.20 crore. Labour concessions, single desk clearance, skill development initiatives, research and development, testing labs in Acharya Nagarjuna University, SV University and AU University, inland container depots at Kakinada and Chittoor to facilitate import and export of food products are some of the initiatives announced.

Chief Minister said that Mango Development Board would be established in Tirupati and Banana Development Board with an initial allocation of Rs.10 crore.

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