At the first iteration of the Food Conclave, over 100 of the nation’s top agri-food industry leaders gathered to engage in intense network meetings to discuss key challenges and opportunities for the growth of the Indian agri-food sector, adding another significant chapter to Telangana’s industrial history.
The investment commitments made by 27 firms, totalingRs. 7217.95, and guaranteeing 58,458 direct and indirect job possibilities, were the event’s most significant takeaway.
Interestingly, the most number of commitments came for a sector that Telangana has of late been focusing on, the oil palm sector. Nine of the 27 companies have announced their intents for setting up palm oil processing plants.
The biggest investment commitments too were in the same sector, with TS Oil Fed’s Rs.1055 crore commitment, promising employment to 14,600, followed by the commitment of Patanjali Foods Limited for Rs.1050 crore, which will offer employment to 2,900.
