Top agri players to be part of progressive investors’ meet

CHANDIGARH: Top agri players like ITC, Godrej Tyson, Hariyalee Seeds, Spain’s Congelados De Navarra and IFFCO have confirmed their participation in the Progressive Punjab Investors’ Summit 2019, which will highlight the potential opportunities of growth in this sector as well as the strengths of the Punjab ecosystem.

Tribune News Service

Chandigarh, December 1

Top agri players like ITC, Godrej Tyson, Hariyalee Seeds, Spain’s Congelados De Navarra and IFFCO have confirmed their participation in the Progressive Punjab Investors’ Summit 2019, which will highlight the potential opportunities of growth in this sector as well as the strengths of the Punjab ecosystem. The summit will be held at Mohali on December 5-6.

Congelados De Navarra and IFFCO have, in fact, already entered a JV to set up their first food processing facility outside Europe. With a committed investment of Rs 523 crore, the venture is set to support around 10,000 farmers.

The Captain Amarinder Singh-led government is set to leverage the summit to reach out to some of the world’s leading FMCG companies for partnering the state in boosting the sector.

The summit comes at a time when the agriculture sector is in the limelight over air pollution caused by stubble burning, and the state government is going all out to promote mechanisation to get rid of the paddy straw. The World Economic Forum (WEF) is extending full support to the Punjab Government in its efforts to build and strengthen a more sustainable agri sector.

The summit will serve as a platform to promote new initiatives and adoption of technologies for the betterment of the agri sector through adoption of clean agri practices. It will aim to enhance farmer incomes and helping them move up the value chain. The summit will also help garner support for the agri-focused startups that have come up in large numbers in the state over the past couple of years and have proved their merit at international platforms for their unique digital and sustainable agriculture solutions.

To assist farmers, the state is also in the process of setting up primary processing centres at Abohar, Hoshiarpur, Amritsar and Talwandi Sabo to support the companies investing in the food parks at Fazilka, Ludhiana (Ladhowal) and Phagwara.

Companies keen

Congelados De Navarra and IFFCO have already entered a joint venture to set up their first food processing facility outside Europe
With a committed investment of Rs 523 crore, the venture is set to support around 10,000 farmers