Our Food, a Hyderabad-based agri-tech startup, announced that it has signed a memorandum of understanding with the Telangana government to setup over 20,000 micro food processing units at farm level across the state.
As part of this agreement, Our Food will collaborate with the state government to set up these units to cover all the major crops such as rice, pulses, groundnut, millets, turmeric and chilli. The food processing equipment would be manufactured at Our Food’s manufacturing facility in Zaheerabad.
According to the startup, these units will generate rural employment and also increase opportunities to improve farmer’s incomes. The startup has also partnered with financial institutions for this initiative, which will help the rural youth meet their finance requirements.
The collaboration is expected to generate direct employment for at least 40,000 rural youth and indirect employment for at least 60,000 people.
Commenting on the development, Jayesh Ranjan, principal secretary, IT and Industries said “It is our constant endeavour to promote startups in agri-tech space. This MoU will enable farm level processing, thereby benefiting farmers and unemployed youth. Our Food’s proven track record, technical advisory expertise, and the support they have brought to this project made them our partner of choice in this journey.”
Balareddy, CEO, Our Food, said that currently more than 1,000 units have been set up by startup across nine states including Telangana.
Source: Times of India
