Telangana Secures `7,218 Cr Investment at Food Conclave 2023
At the recently held maiden Food Conclave 2023, Telangana has bagged projects worth `7,218 crore in various Food Processing, Aquaculture, Edible Oil, and Meat Processing industries.
The one-day conclave, regarded as one of the most prestigious gatherings in the food-agri community, featured a series of new partnerships and investments.
Telangana IT and Industries Minister KT Rama Rao, in his inaugural address, said the fresh investment proposals have the potential to generate 58,458 jobs. He added that with a focus on food processing, the state has added over `7,000 crore to its fixed capital base for food processing capacities in the past five years to strengthen the sector.