Central government approves Rs 107.42 crore for 28 food processing projects

Central government approves Rs 107.42 crore for 28 food processing projects

New Delhi: The central government has approved a grant of Rs 107.42 crore for the implementation of 28 food processing projects in 10 states. Giving information about this on Saturday, the government said that about 10 thousand people are expected to get employment from these projects.

An official statement said that the decision was taken in a virtual meeting of the Inter-Ministerial Approval Committee headed by Food Processing Industries Minister Narendra Singh Tomar. Minister of State Rameshwar Teli was also present in the meeting. The committee approved a grant of Rs 107.42 crore to help these projects costing Rs 320.33 crore. Of this, a grant of Rs 20.35 crore is for six projects costing Rs 48.87 crore in the North Eastern states. 

These projects are in the states of Madhya Pradesh, Gujarat, Uttar Pradesh, Maharashtra, Jammu and Kashmir, Karnataka, Tamil Nadu, Uttarakhand, Assam and Manipur. Their combined processing capacity will be 1,237 tonnes. About 10 thousand people will get employment opportunities from them. 


Rising FDI shows investor confidence in India: Piyush Goyal

Rising FDI shows investor confidence in India: Piyush Goyal

New Delhi. Commerce and Industry Minister Piyush Goyal said on Saturday that the increase in foreign direct investment ( FDI ) shows the interest of investors towards favorable environment in India. In the current financial year, July to September, India has received FDI of $ 28.1 billion. The investment stood at $ 14.06 billion in the year-ago period. Goyal tweeted, "Even after the corona virus epidemic, FDI has doubled on an annual basis.


This shows the confidence of global investors in the favorable environment in India under the leadership of Prime Minister Narendra Modi . FDI increased to $ 28.1 billion in the July-September quarter from $ 14.06 billion a year earlier. ”According to official figures, FDI grew by 15 percent to $ 30 billion in the first half of the current financial year.


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