The Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) organised The Food Processing Industry Conclave 2018. Chief Secretary of Andhra Pradesh Dinesh Kumar inaugurated the conclave at the Seshasai Kalyanamandapam in M G Road, on Thursday.
Chief Secretary said that the Food processing industry is one of the largest industries in India and is contributing to around 14 percent of its Gross Domestic Product (GDP), 13 percent of its exports and six percent of its total industrial investment. He also added, “Of all the States, Andhra Pradesh, with its strong agro-based products, makes a huge contribution to the food industry”.
He mentioned that after noticing the growth of the food processing industry in Andhra Pradesh, he thinks the state had a huge potential as an investment destination. “Soon we would establish a chain of cold storages across the State and develop mega food parks. Till date, with 351 MoUs signed, we could bring in investment worth Rs 10,551 crore plus. In the coming five years, we would introduce perfect policies and implement those for the growth of the food industry in the State.” he adds.