Punjab Government is set to leverage the upcoming Progressive Punjab Investors Summit-2019 to reach out to some of the world’s leading Fast-Moving Consumer Goods (FMCG) companies for partnering the State in boosting the agriculture sector.
The summit comes at a time when the agriculture sector is in the limelight over the air pollution caused by stubble burning, and the State Government is going all out to promote mechanization to get rid of the paddy straw.
The World Economic Forum (WEF) is extending full support to the Punjab Government in its efforts to build and strengthen a more sustainable agri sector.
“PPIS-2019 will serve as a platform to promote new initiatives and adoption of technologies for the betterment of agri sector through adoption of clean agri practices. It will aim to enhance farmer incomes and helping them move up the value chain,” said the government spokesperson.
Spokesperson said that that summit will also help garner support for the agri-focused startups that have come up in large numbers in the state over the past couple of years and have proved their merit at international platforms for their unique digital and sustainable agriculture solutions.
Top agri players like ITC, Godrej Tyson, Hariyalee Seeds, Spain’s Congelados De Navarra and IFFCO have confirmed their participation in the summit, which will highlight the potential opportunities of growth in this sector as well as the strengths of the Punjab ecosystem.
Spain’s Congelados De Navarra and IFFCO have, in fact, already entered a joint venture to set up their first food processing facility outside Europe. With a committed investment of Rs 523 crore, the venture is set to support 10,000 farmers and procure 1,50,000 tonnes from farmers every year, the spokesman added.