Our Food, a Hyderabad-based agri-tech startup, on Friday announced that it has signed a memorandum of understanding with theTelanganagovernment to setup over 20,000 micro Food Processing units atfarm levelacross the state.
As part of this agreement, Our Food will collaborate with the to set up these units to cover all the major crops such as rice, pulses, groundnut, Millets, turmeric and chilli. The food processing equipment would be manufactured at Our Foods manufacturing facility in Zaheerabad.
According to the startup, these units will generate rural EMPLOYMENT and also increase opportunities to improve farmers incomes. The startup has also partnered with financial institutions for this initiative, which will help the rural youth meet their finance requirements.
The collaboration is expected to generate direct employment for at least 40,000 rural youth and indirect employment for at least 60,000 people.