A.P. signs MoU with UAE to set up food cluster; ₹100-crore processing unit proposed in Chittoor
The Andhra Pradesh government has signed an MoU with the UAE to establish a food processing cluster in the state. The initiative aims to boost agricultural exports, with an initial ₹100-crore investment from Dubai-based Floor Masters International.
Why it matters
This partnership represents a significant push for foreign direct investment in India's agricultural sector and aims to position Andhra Pradesh as a global food processing hub.
The Andhra Pradesh government has signed a Memorandum of Understanding (MoU) with United Arab Emirates (UAE) to establish a UAE Food Cluster in the State, taking forward an investment commitment made during the World Economic Forum (WEF) in Davos earlier this year.
The agreement was signed between the Andhra Pradesh Economic Development Board (APEDB) and the UAE Food Cluster in the presence of Chief Minister N. Chandrababu Naidu and UAE Minister of Economy and Tourism Abdulla Bin Touq Al Marri at the State Secretariat in Amaravati on Tuesday.
The partnership aims to promote investments, trade and exports by creating an integrated food processing value chain.
UAE-based companies will be encouraged to invest in food processing, export-oriented manufacturing and value-added agricultural products, with a focus on horticultural produce such as mangoes, bananas and cocoa, besides strengthening export infrastructure and global market access.
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