Nine constituencies in Andhra Pradesh to receive food processing centres

The Andhra Pradesh Food Processing Society (APFPS) is setting up nine Common Facility Integrated Production Centres in as many Parliamentary constituencies, with the support of the Small Industries Development Bank of India (SIDBI).

An in-principle approval has been received for it from the SIDBI. A total of 26 CFIPCs are targeted to be established in the areas of food processing, horticulture, dairy, agriculture and aquaculture at a cost of ₹30 bln (€330 mln). These state-of-the-art production centres are going to be given on lease for a period of 15 years to reputed MNCs and private companies on a fixed fee towards lease rent payable to the government.


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