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LATEST NEWS UPDATES | Andhra Pradesh plans 67,000-cr Agribusiness zone </title>
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After emerging as one of the pioneers in the investment regions of petroleum products and information technology, Andhra Pradesh is now weighing the benefits of promoting an Agribusiness Investment Region (ABIR) involving major agri clusters in three of..."/>
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After emerging as one of the pioneers in the investment regions of petroleum products and information technology, Andhra Pradesh is now weighing the benefits of promoting an Agribusiness Investment Region (ABIR) involving major agri clusters in three of..." />
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<h1 class="cat-box-title">Andhra Pradesh plans 67,000-cr Agribusiness zone</h1>
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Published on</span><span class="text-date"> Mar 9, 2012</span>
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<div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After emerging as one of the pioneers in the investment regions of petroleum products and information technology, Andhra Pradesh is now weighing the benefits of promoting an Agribusiness Investment Region (ABIR) involving major agri clusters in three of its geopolitical regions. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">The proposed ABIR project in Andhra Pradesh, to be taken up in a public private partnership (PPP) model, involves setting up an integrated infrastructure for rural business and entrepreneurial development attracting total investments of around Rs 67,000 crore. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">After a favourable response from the Union agriculture ministry for the proposal, a team of corporate houses under the leadership of Federation of Indian Chambers of Commerce and Industry on Wednesday made a detailed presentation to the Andhra Pradesh government. Agriculture Minister Kanna Laxminarayana responded favourably to the proposed ABIR project but said a final decision would be taken after eliciting the views of all the stakeholders. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">Viewing that AIBR could be developed on the lines of the Delhi-Mumbai Industrial Corridor, the minister felt the need to rope in countries such as Israel, Netherlands and the US to partner and bring in investments and technologies. He said a delegation would be sent soon to these agriculturally superior nations to forge alliances. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">S Balaji, managing director of Lepakshi Knowledge Hub, which is proposing an agri logistics food park near Anantapur over 10,000 acres, said the ABIR project involves setting up of 270 integrated agro food parks, livestock parks, agro logistic parks, rural transformation centres and community development parks through a cluster approach. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">The project, which is expected to attract sizeable funding from global development agencies, will have three clusters in the three geopolitical regions of the state -- Telangana, Coastal Andhra and Rayalaseema -- promising employment to 50,000 directly and 4.5 lakh indirectly. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">The proposed project will have integrated infrastructure pertaining to R&D, production, services, trade and social infrastructure to address various issues across the value chain that include deficits in market, knowledge, infrastructure and credit, said PSR Raju, director of Ace Corporate Agri Ventures. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">Raju, a former vice-president with Yes Bank for food and agri business, said the agro food parks would act as key hubs linked to rural transformation centres and further to the community development centres at the village level. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">The project will include 10 integrated agro food parks each costing Rs 1,000 crore, 10 agro logistic parks each costing Rs 200 crore, 50 rural transformation centres each costing Rs 500 crore and 200 community development parks each costing Rs 150 crore, said Raju. </div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Govt Receives 35 Corporate Farming Proposals </em></div><div style="text-align: justify"><em><br /></em></div><div style="text-align: justify">Meanwhile, the Union government has received 35 proposals from corporate houses to invest in corporate farming projects through PPP mode involving agri producers' companies with nearly 12 lakh farmers spread across 17 states. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">Ficci, which is coordinating with the government, expects the Union agriculture ministry to accord final approvals to the project, titled Million Farmers' Initiative, by the month-end, said Ficci director S Bhaskar Reddy. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said the tentative business plans were received from corporates with an overall investment of Rs 7,000 crore and a subsidy component of Rs 2,900 crore. The detailed business plans (DPRs) will be invited next month from corporate houses to launch the programme sometime by June. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">Further, Reddy said Andhra Pradesh has attracted 11 proposals with an investment of around Rs 1,200 crore from seven corporates including ITC, Shriram, NSL group, Access Livelihoods and FRT Agri Ventures.</div>
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<br><a href="http://economictimes.indiatimes.com/news/economy/agriculture/andhra-pradesh-plans-67000-cr-agribusiness-zone/articleshow/12194227.cms" class="re" target="_blank">The Economic Times, 9 March, 2012, http://economictimes.indiatimes.com/news/economy/agriculture/andhra-pradesh-plans-67000-cr-agribusiness-zone/articleshow/12194227.cms</a><div class="clear"></div>
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<h1 class="cat-box-title">Andhra Pradesh plans 67,000-cr Agribusiness zone</h1>
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Published on</span><span class="text-date"> Mar 9, 2012</span>
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<div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After emerging as one of the pioneers in the investment regions of petroleum products and information technology, Andhra Pradesh is now weighing the benefits of promoting an Agribusiness Investment Region (ABIR) involving major agri clusters in three of its geopolitical regions. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">The proposed ABIR project in Andhra Pradesh, to be taken up in a public private partnership (PPP) model, involves setting up an integrated infrastructure for rural business and entrepreneurial development attracting total investments of around Rs 67,000 crore. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">After a favourable response from the Union agriculture ministry for the proposal, a team of corporate houses under the leadership of Federation of Indian Chambers of Commerce and Industry on Wednesday made a detailed presentation to the Andhra Pradesh government. Agriculture Minister Kanna Laxminarayana responded favourably to the proposed ABIR project but said a final decision would be taken after eliciting the views of all the stakeholders. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">Viewing that AIBR could be developed on the lines of the Delhi-Mumbai Industrial Corridor, the minister felt the need to rope in countries such as Israel, Netherlands and the US to partner and bring in investments and technologies. He said a delegation would be sent soon to these agriculturally superior nations to forge alliances. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">S Balaji, managing director of Lepakshi Knowledge Hub, which is proposing an agri logistics food park near Anantapur over 10,000 acres, said the ABIR project involves setting up of 270 integrated agro food parks, livestock parks, agro logistic parks, rural transformation centres and community development parks through a cluster approach. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">The project, which is expected to attract sizeable funding from global development agencies, will have three clusters in the three geopolitical regions of the state -- Telangana, Coastal Andhra and Rayalaseema -- promising employment to 50,000 directly and 4.5 lakh indirectly. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">The proposed project will have integrated infrastructure pertaining to R&D, production, services, trade and social infrastructure to address various issues across the value chain that include deficits in market, knowledge, infrastructure and credit, said PSR Raju, director of Ace Corporate Agri Ventures. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">Raju, a former vice-president with Yes Bank for food and agri business, said the agro food parks would act as key hubs linked to rural transformation centres and further to the community development centres at the village level. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">The project will include 10 integrated agro food parks each costing Rs 1,000 crore, 10 agro logistic parks each costing Rs 200 crore, 50 rural transformation centres each costing Rs 500 crore and 200 community development parks each costing Rs 150 crore, said Raju. </div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Govt Receives 35 Corporate Farming Proposals </em></div><div style="text-align: justify"><em><br /></em></div><div style="text-align: justify">Meanwhile, the Union government has received 35 proposals from corporate houses to invest in corporate farming projects through PPP mode involving agri producers' companies with nearly 12 lakh farmers spread across 17 states. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">Ficci, which is coordinating with the government, expects the Union agriculture ministry to accord final approvals to the project, titled Million Farmers' Initiative, by the month-end, said Ficci director S Bhaskar Reddy. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said the tentative business plans were received from corporates with an overall investment of Rs 7,000 crore and a subsidy component of Rs 2,900 crore. The detailed business plans (DPRs) will be invited next month from corporate houses to launch the programme sometime by June. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">Further, Reddy said Andhra Pradesh has attracted 11 proposals with an investment of around Rs 1,200 crore from seven corporates including ITC, Shriram, NSL group, Access Livelihoods and FRT Agri Ventures.</div>
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<br><a href="http://economictimes.indiatimes.com/news/economy/agriculture/andhra-pradesh-plans-67000-cr-agribusiness-zone/articleshow/12194227.cms" class="re" target="_blank">The Economic Times, 9 March, 2012, http://economictimes.indiatimes.com/news/economy/agriculture/andhra-pradesh-plans-67000-cr-agribusiness-zone/articleshow/12194227.cms</a><div class="clear"></div>
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<h1 class="cat-box-title">Andhra Pradesh plans 67,000-cr Agribusiness zone</h1>
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Published on</span><span class="text-date"> Mar 9, 2012</span>
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<div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After emerging as one of the pioneers in the investment regions of petroleum products and information technology, Andhra Pradesh is now weighing the benefits of promoting an Agribusiness Investment Region (ABIR) involving major agri clusters in three of its geopolitical regions. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">The proposed ABIR project in Andhra Pradesh, to be taken up in a public private partnership (PPP) model, involves setting up an integrated infrastructure for rural business and entrepreneurial development attracting total investments of around Rs 67,000 crore. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">After a favourable response from the Union agriculture ministry for the proposal, a team of corporate houses under the leadership of Federation of Indian Chambers of Commerce and Industry on Wednesday made a detailed presentation to the Andhra Pradesh government. Agriculture Minister Kanna Laxminarayana responded favourably to the proposed ABIR project but said a final decision would be taken after eliciting the views of all the stakeholders. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">Viewing that AIBR could be developed on the lines of the Delhi-Mumbai Industrial Corridor, the minister felt the need to rope in countries such as Israel, Netherlands and the US to partner and bring in investments and technologies. He said a delegation would be sent soon to these agriculturally superior nations to forge alliances. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">S Balaji, managing director of Lepakshi Knowledge Hub, which is proposing an agri logistics food park near Anantapur over 10,000 acres, said the ABIR project involves setting up of 270 integrated agro food parks, livestock parks, agro logistic parks, rural transformation centres and community development parks through a cluster approach. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">The project, which is expected to attract sizeable funding from global development agencies, will have three clusters in the three geopolitical regions of the state -- Telangana, Coastal Andhra and Rayalaseema -- promising employment to 50,000 directly and 4.5 lakh indirectly. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">The proposed project will have integrated infrastructure pertaining to R&D, production, services, trade and social infrastructure to address various issues across the value chain that include deficits in market, knowledge, infrastructure and credit, said PSR Raju, director of Ace Corporate Agri Ventures. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">Raju, a former vice-president with Yes Bank for food and agri business, said the agro food parks would act as key hubs linked to rural transformation centres and further to the community development centres at the village level. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">The project will include 10 integrated agro food parks each costing Rs 1,000 crore, 10 agro logistic parks each costing Rs 200 crore, 50 rural transformation centres each costing Rs 500 crore and 200 community development parks each costing Rs 150 crore, said Raju. </div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Govt Receives 35 Corporate Farming Proposals </em></div><div style="text-align: justify"><em><br /></em></div><div style="text-align: justify">Meanwhile, the Union government has received 35 proposals from corporate houses to invest in corporate farming projects through PPP mode involving agri producers' companies with nearly 12 lakh farmers spread across 17 states. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">Ficci, which is coordinating with the government, expects the Union agriculture ministry to accord final approvals to the project, titled Million Farmers' Initiative, by the month-end, said Ficci director S Bhaskar Reddy. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said the tentative business plans were received from corporates with an overall investment of Rs 7,000 crore and a subsidy component of Rs 2,900 crore. The detailed business plans (DPRs) will be invited next month from corporate houses to launch the programme sometime by June. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">Further, Reddy said Andhra Pradesh has attracted 11 proposals with an investment of around Rs 1,200 crore from seven corporates including ITC, Shriram, NSL group, Access Livelihoods and FRT Agri Ventures.</div>
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<br><a href="http://economictimes.indiatimes.com/news/economy/agriculture/andhra-pradesh-plans-67000-cr-agribusiness-zone/articleshow/12194227.cms" class="re" target="_blank">The Economic Times, 9 March, 2012, http://economictimes.indiatimes.com/news/economy/agriculture/andhra-pradesh-plans-67000-cr-agribusiness-zone/articleshow/12194227.cms</a><div class="clear"></div>
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LATEST NEWS UPDATES | Andhra Pradesh plans 67,000-cr Agribusiness zone
After emerging as one of the pioneers in the investment regions of petroleum products and information technology, Andhra Pradesh is now weighing the benefits of promoting an Agribusiness Investment Region (ABIR) involving major agri clusters in three of its geopolitical regions.
The proposed ABIR project in Andhra Pradesh, to be taken up in a public private partnership (PPP) model, involves setting up an integrated infrastructure for rural business and entrepreneurial development attracting total investments of around Rs 67,000 crore.
After a favourable response from the Union agriculture ministry for the proposal, a team of corporate houses under the leadership of Federation of Indian Chambers of Commerce and Industry on Wednesday made a detailed presentation to the Andhra Pradesh government. Agriculture Minister Kanna Laxminarayana responded favourably to the proposed ABIR project but said a final decision would be taken after eliciting the views of all the stakeholders.
Viewing that AIBR could be developed on the lines of the Delhi-Mumbai Industrial Corridor, the minister felt the need to rope in countries such as Israel, Netherlands and the US to partner and bring in investments and technologies. He said a delegation would be sent soon to these agriculturally superior nations to forge alliances.
S Balaji, managing director of Lepakshi Knowledge Hub, which is proposing an agri logistics food park near Anantapur over 10,000 acres, said the ABIR project involves setting up of 270 integrated agro food parks, livestock parks, agro logistic parks, rural transformation centres and community development parks through a cluster approach.
The project, which is expected to attract sizeable funding from global development agencies, will have three clusters in the three geopolitical regions of the state -- Telangana, Coastal Andhra and Rayalaseema -- promising employment to 50,000 directly and 4.5 lakh indirectly.
The proposed project will have integrated infrastructure pertaining to R&D, production, services, trade and social infrastructure to address various issues across the value chain that include deficits in market, knowledge, infrastructure and credit, said PSR Raju, director of Ace Corporate Agri Ventures.
Raju, a former vice-president with Yes Bank for food and agri business, said the agro food parks would act as key hubs linked to rural transformation centres and further to the community development centres at the village level.
The project will include 10 integrated agro food parks each costing Rs 1,000 crore, 10 agro logistic parks each costing Rs 200 crore, 50 rural transformation centres each costing Rs 500 crore and 200 community development parks each costing Rs 150 crore, said Raju.
Govt Receives 35 Corporate Farming Proposals
Meanwhile, the Union government has received 35 proposals from corporate houses to invest in corporate farming projects through PPP mode involving agri producers' companies with nearly 12 lakh farmers spread across 17 states.
Ficci, which is coordinating with the government, expects the Union agriculture ministry to accord final approvals to the project, titled Million Farmers' Initiative, by the month-end, said Ficci director S Bhaskar Reddy.
He said the tentative business plans were received from corporates with an overall investment of Rs 7,000 crore and a subsidy component of Rs 2,900 crore. The detailed business plans (DPRs) will be invited next month from corporate houses to launch the programme sometime by June.
Further, Reddy said Andhra Pradesh has attracted 11 proposals with an investment of around Rs 1,200 crore from seven corporates including ITC, Shriram, NSL group, Access Livelihoods and FRT Agri Ventures.
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