Tiruvuru and Mylavaram Assembly segments in the Krishna district will soon witness a flurry of activity with investors coming forward to set up food processing units in this stretch. Efforts are also on to encourage bamboo investors to set up their units here.
As part of a joint venture between a US-based company and a reputed local firm, a mango pulp processing unit is coming up in an area of 10 acres near Gollamandala village, which was adopted by Vijayawada MP Kesineni Nani.
The Rs. 20-crore unit is expected to provide employment to 400 local people. The authorities are said to be talking to a few other food processing companies to set up units in these Assembly segments which are known to grow abundant stocks of mangoes exported to countries like Dubai, Hong Kong and Singapore.
Sources said the units would be equipped with new technology which has vast market potential in US and European countries. The proposed unit at Gollamandala may start functioning in six months.
Officials in the district feel that processed food sector is poised for growth, mainly through exports. If current infrastructure-related problems are minimised and product and packaging quality are significantly improved, Krishna district can become a potential exporter of processed food, they feel.
Meanwhile, to encourage farmers to take to bamboo cultivation, the authorities recently sent 100-odd farmers from Vijayawada Parliamentary constituency to Karnataka and Maharashtra to study the cultivation patterns.
Bamboo cultivation
Vijayawada will soon host a bamboo manufacturing investors’ meeting, a platform to attract international firms like IKEA, a multinational group of companies that designs and sells ready-to-assemble furniture, appliances, small motor vehicles and home accessories. The event will be jointly organised by Tata Trust, National Bamboo Council and the Forest Department.
The meet aims to bring together all stakeholders, identify potential investors specific to the bamboo sector and identify specific projects and areas where investors have a scope of investment. It would also serve as a platform to chalk out action plan for area extension under bamboo cultivation, skill upgradation of traditional bamboo artisans and setting up of bamboo-based industries.
As part of a joint venture between a US-based company and a reputed local firm, a mango pulp processing unit is coming up near Gollamandala
