The Telangana government has decided to set up a 1,400-acre dry port in the state in a public-private model.
In a meeting of the State Cabinet held here for the second consecutive day on Wednesday, it has been decided to set up two more Integrated Container Depots in collaboration with the Customs Department to promote exports.
The cabinet has approved logistics and food processing policies, offering various incentives to potential entrepreneurs.
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While the logistics policy is expected to attract an investment of Rs 10,000 crore, the food processing policy may attract Rs 25,000 crore.
“The state will set up 10 integrated parks in different parts of the state. The logistics policy is aimed at helping e-commerce companies to ship products to customers in multiple international destinations,” a statement from the Chief Minister’s Office said.
food processing policy
Under the new food processing policy, the cabinet wants to set up 10 food processing zones with focus on paddy processing units in the first phase.
“The cabinet has set a target of setting up FPZs in a range of 10,000 acres by the end of 2024-25, comprising 500-1,000 acres in each area,” it said.
The policy is expected to generate 70,000 new direct jobs and 3 lakh indirect jobs.
The cabinet has decided to extend the last date for entrepreneurs to submit their applications seeking space in FPZs from July 12 to July 31.
cabinet sub committee
The cabinet has constituted a cabinet sub-committee, headed by Agriculture Minister S Niranjan Reddy, to discuss measures to be taken for storage, milling and marketing of paddy.
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