MNC to play big role in food processing sector

Danfoss, a multinational specialising in energy efficient technologies with a turnover of ₹1,000 crore in India, has big plans for Andhra Pradesh in contributing to cold storage for seafood industry, food processing and providing refrigeration and air-conditioning for major industries including Visakhapatnam Steel Plant.

- 06 February 2018 By THE HINDU

Danfoss, a multinational specialising in energy efficient technologies with a turnover of ₹1,000 crore in India, has big plans for Andhra Pradesh in contributing to cold storage for seafood industry, food processing and providing refrigeration and air-conditioning for major industries including Visakhapatnam Steel Plant.  

Danfoss global head Noel Ryan and Danfoss India head Ravichandran Purushothamam during their visit to the city told reporters on Monday that India in general and AP in particular had emerged as a very big market for them.

He said they were interested to play a big role to benefit the dairy and animal husbandry sector.

Welcoming the Union Budget proposals, they said the food processing sector was poised for exponential growth with the government setting a target of doubling the processing levels to 20% by 2019 from the current level of 10%. They said India’s food services industry was projected to grow to Rs.4.98 trillion by 2021.

 

This article was published on THE HINDU on February 06, 2018. 

 

 

 

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