CII, CSIR-CFTRI ink MoU on agro,food processing industry growth in Mysuru
- Mon, 2015-06-01 (All day)
- Bengaluru, India
Confederation of Indian Industry (CII) and CSIR-CFTRI have inked a memorandum of understanding (MoU) to create and sustain an environment to nurture all-round growth of agro and food processing industry in Mysuru district.
The MoU was signed recently at an awareness seminar-cum-workshop organised by CII and CSIR-CFTRI on value-added agriculture and food processing at Mysuru.
The focus of the MoU is to accelerate the pace of growth of agriculture and food processing in Mysuru district. It would look at agricultural initiatives to deliver optimal policies and create a positive regulatory environment, encourage entrepreneurship and investment in the sector, provide a platform for domestic and overseas companies to explore the collaboration and partnerships and forge stronger links between the industry and the institute.
Offering his perspective on the MoU, Prof. Ram Rajashekaran, director, CFTRI, stated,“CII-CSIR-CFTRI would be a symbiotic interface among the industry, government and academia - research institutes in Mysuru.”
According to Dr N Muthukumar, chairman, CII Mysore, and president-whole-time director, Automotive Axles Ltd, India’s current GDP estimates of 7.5 per cent and agriculture growth - 8.5 per cent together with Reserve Bank of India calling banking institutions to finance the agriculture sector makes it evident that there is ample support for the development of agro food processing.
“The very fact that banks are ready to fund will now stall migration of population from the Tier 3 and Tier 4 cities because these hubs will generate employment. All this with CSIR-CFTRI technology support would drive innovation in agro, food sector. Such handholding would give growth impetus to the sector," he added.
Under the MoU, the two organisations would jointly engage in activities towards promotion of best agriculture practices and food processing in Mysuru district. This would include conducting awareness sessions, field visits, technical seminars and workshops.
Further, it would also strive towards industry-institute joint research for the development of value-added agri produce and food processing by means of setting up an incubator facility with the support of various stakeholders.
The thrust of the linkages are quality and productivity, innovation and best practices, food security and sustainability, besides innovation in agriculture and food processing.