ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Web Stories
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • IPL 2023
    • Karnataka Elections 2023
    • Viral
    • Education
    • Jobs
Read in App
Business News » India News

Foundation stone of Rs 550 Crore CN-IFFCO Food Processing Plant laid in Ludhiana

Punjab Chief Minister Capt. Amrinder Singh laid the foundation stone of CN-IFFCO food processing plant in Ludhiana under the Invest Punjab facilitation. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Foundation stone of Rs 550 Crore CN-IFFCO Food Processing Plant laid in Ludhiana
CN-IFFCO project will bring all the stakeholders in the Agro-economic ecosystem: universities research, seed growers, machinery producers, cold storages, transport etc. Photo: PTI

Under Invest Punjab facilitation, CN-IFFCO food processing plant in Ludhiana - a joint venture between India’s leading cooperative, the Indian Farmers Fertiliser Cooperative Ltd. (IFFCO) and Spain’s leading food processing company, Congelados de Navarra (CN Corp) - was laid by Punjab Chief Minister Captain Amarinder Singh today. The project will benefit over 10,000 farmers of the region. The plant would provide direct and indirect employment to almost 2,500 people.

Speaking at the event BS Nakai, Chairman at IFFCO said, “Food processing is the need of the hour it would not only add value to the farmers produce but will also help in reducing food wastage.” He went on to add, “This project will bring all the stakeholders in the Agro-economic ecosystem: universities research centers, seed growers, machinery producers, cold storages, transport etc. to create a synergized win-win model for all. This model ecosystem will provide a boost to the state GDP and benefit the Agriculture of Punjab and its farmers.

Dr. US Awasthi, Managing Director, IFFCO said, "CN IFFCO Pvt. Ltd. is a part of the larger vision of IFFCO to improve the Agriculture ecosystem in the country by providing solutions to farmers at every step from providing high-quality inputs like seeds, fertilisers and agro-chemicals to improving the supply chain and providing farmers access to markets. 
This new factory is much more than a financial investment for CN, since we also invest in people. With our commitment, training and job security, CN has awakened a new expectation in the people of the region. The economy will grow and will bring a better life to people. Our goal is to improve the quality of life of people."

The state-of-the-art food processing plant to be built with an initial investment of       Rs 550 Crore would commence production within 2 years. It will be spread over an area of 55 acres in Samrala, Distt. Ludhiana, Punjab. The plant would have a processing capacity of 80,000 MT/annum and will produce individual quick-freezing vegetables, French fries and potato snacks. The raw vegetables required for the plant would be procured locally (within a radius of 150 Kilometers from the plant) thereby benefiting farmers of the region.
 
With a focus on exporting the product, CN-IFFCO Pvt. Ltd. aims to ‘Make in India’ but with global standards so that the resulting product can compete with the best in the world today. To achieve this, CN-IFFCO Pvt. Ltd. will put a special emphasis on educating the farmers about modern farming techniques so as to increase their farm productivity and improve in the quality of their products so that it can meet the international standards with higher farm income. The plant will also house a demonstration farm where on-site and classroom training will be provided to the farmers by experts from around the globe.
 
With a sharp focus on training of farmers, implementation of modern technology and know-how (of CN Corp. and IFFCO) the project would boost overall infrastructure within the Agro economic ecosystem of the region thereby contributing positively to the GDP of Punjab.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
IFFCO
Written By: ZeeBiz WebTeam
Updated: Thu, May 30, 2019
10:52 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
IFFCO and CIL to manufacture Nano DAP for 3 years: Govt IFFCO and CIL to manufacture Nano DAP for 3 years: Govt
IFFCO Kisan Sanchar setting up 17 FPOs in Gujarat in tie-up with NABARD, NCDC IFFCO Kisan Sanchar setting up 17 FPOs in Gujarat in tie-up with NABARD, NCDC
IFFCO's gift to farmers! Prices of NP Fertilisers slashed - Check new rates IFFCO's gift to farmers! Prices of NP Fertilisers slashed - Check new rates
Get Rs 1 lakh cover for Critical Illness at Just Rs 257; Know what IFFCO Tokio is offering Get Rs 1 lakh cover for Critical Illness at Just Rs 257; Know what IFFCO Tokio is offering
IFFCO FY19 turnover up 34 pct at Rs 27,852 crore IFFCO FY19 turnover up 34 pct at Rs 27,852 crore

LATEST NEWS

Odisha train accident news: 100 bodies brought to AIIMS, CM Patnaik announces Rs 5 lakh ex-gratia

Google removes malicious Chrome extensions with 75 mn installs from Web Store

With oil prices slumping, OPEC+ producers weigh more production cuts

Crude oil up over 2% after US debt deal and jobs data; focus turns to OPEC+

US stock markets news: Dow, Nasdaq and S&P 500 end higher on jobs data, debt default averted

After text messages on phone, extreme weather alerts on TV, radio soon

Dollar index gains after larger-than-expected rise in May payrolls data

FPIs investment hit 9-month high at Rs 43,838 crore in May on strong domestic macro-outlook, reasonable valuation

Delhi Weather Update: Light rain likely in city

Odisha train accident: List of injured, deceased passengers put on these 3 websites

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV