Telangana: Food conclave attracts Rs 7,000 cr investments

Hyderabad: The Food Conclave 2023 on Saturday concluded on a strong note attracting investment of over Rs 7000 crore leading to 58,458 direct employments.

The one-day conclave, which boasted a reputation as one of the most prestigious and influential gatherings in the food-agri community, featured an array of new partnerships and investments, further cementing its position as a key platform for shaping the future of the industry. With a range of exciting developments on the horizon, attendees were eagerly anticipating the insights and opportunities that this year’s conference has to offer.

Inaugurating the ‘The Food Conclave’ edition, Industry Minister KT Rama Rao said, “the State identifies food processing as a core thrust area, Over the past 5 years, the State has added more than Rs 7,000 crore worth fixed capital base to food processing capacities in the state, in order to further boost the food processing sector in the State.” The Minister also launched the Innovation in Food Processing, Grand Challenge inviting startups and innovators across the Telangana and India for building solutions to enhance local food processing.

“We are also working on the supply chain linkages where we will connect the industry to the farmers of the State by effectively deploying the agriculture extension system that we have built in the State. The Self-Help Groups in Telangana also present a massive untapped potential in mobilising farm produce in partnership with industry. Therefore, we are creating farmer producer organisations (FPOs) to provide plug and play supply chains for the food processing Industry,” the Minister said.

KTR said that the government is also committed to empower small entrepreneurs in the State and as of now nurturing more than 2500 micro and small enterprises held by the State departments and supported by several welfare schemes such as Dalit Bandhu. Telangana is the best place for investments as the government adopted industry friendly policies, robust and fast-growing raw material base, world class industrial infrastructure and active facilitation extended by the government to not just set up but to operate the industry in the most competitive manner.