Over Rs 2000 cr investment in Food Processing sector: Odisha signs MoU with 10 cos


Bhubaneswar: The Odisha government has signed MoU with 10 companies which will invest more than Rs 2000 crore in the Food Processing sector.

The MoU with the state government was signed by leading firms such as Mayank Aquaculture Pvt. Ltd, Aussco India Marine Pvt Ltd, Aquaviva Indotech Ltd, Sabri Food Products Pvt Ltd, Falcon Marine Exports Ltd, Magnum Seafood Ltd, Aquawave  Biotech Pvt Ltd, Odisha Aqua Traders & Marine Exporters Pvt Ltd, OVAD Aqua Ventures and Manas R Mangaraj on the concluding day of the Make in Odisha Conclave at Janata Maidan in Bhubaneswar on Friday.

The total investment would be in the field of establishment of hatcheries, fish feed plants, shrimp processing plants, multiplication centres, farming, cold storage and aerator manufacturing units.

With the operationalisation of the projects by the aforesaid company which signed MoU with the state government, there will be an employment generation of around 17,000 individuals.

when the projects would be in operation. Investment intentions of INR 150 Crores from the Industry were received during the Seminar. Around 300 delegates from industrial houses across the country were present in the seminar.

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