Why Pithampur
Agribusiness & Food Processing
- The state with highest agricultural growth (averaging 20%) in the country, for the last three years
- Has been receiving 'Krishi Karman' award for spectacular performance in agricultural production, for the past four years
- Leading domestic producer of agricultural resources like Gram (#1), Soybean (#1), Pulses (#1), Wheat (#2), Onion (#2) and Green Peas (#2)
- 3rd largest producer of milk in the country
- With presence of 6 government owned modern food parks and 2 private food parks, Madhya Pradesh provides plug and play facility for food processing companies
- Key food processing players operating in the state includes Coca-Cola, Pepsico, Parle Agro, LT Foods, Cadbury, Ruchi Group, Britannia Industries and Balaji Wafers
- Investment opportunities exist in trading and processing of agricultural produce. Additionally, opportunities exist in the development of allied infrastructure like food parks, warehouses and cold storages
- Land allotment at a concessional rate of 25% for MSME units. Stamp duty and registration charges exemption of INR 1 per INR 1,000
- Reimbursement at the rate of 15% up to a maximum of INR 50 mn for the expenditure incurred on establishment of food park/mega food park/horticulture hub
- Fruits, vegetables, flowers and other notified agriculture produce purchased in any market area of the state for processing/production, is exempt from payment of mandi fee
- Subsidized power rates at INR 1.50 per unit subject to a ceiling of 25% of the electric units consumed by Cold Storage, Cold Chamber, Ripening Chamber and Individual Quick Freezing Enterprise, for 5 years