HYDERABAD: The state Cabinet on Wednesday approved Telangana Food Processing Policy and Telangana Logistics Policy. Since the paddy yield is increasing regularly, it has been decided to set up food processing units in a big way in the state. It has also been decided to set up 10 special food processing zones in the first phase.
The Cabinet instructed the officials concerned to ensure that these zones are set up in not less than 500 acres up to 1,000 acres and by 2024-25, state-wide food processing zones are set up in 10,000 acres. It has decided to give incentives for the entrepreneurs who come to invest in the sector.
The government would procure and develop all basic infrastructure facilities and allocate lands to those eligible among the applicants. Through this, it is estimated to attract Rs 25,000 crore investment, providing 70,000 direct and indirect employment to three lakh people. Special incentives will be given to the food processing units, which have…