Odisha to upgrade rice processing units, develop more mills
Updated: Dec 03, 2014 02:23:21pm
Bhubaneshwar, Dec 3 (KNN) In order to improve business potential of rice processing sector of the state, the Odisha government will provide incentives to integrated rice millers for upgrading and setting up more processing units, according to a report from the Business Standard.
The processing mills will have facilities to produce rice bran oil and rice husk power using surplus rice available in the state, it said.
Recently, the state chief secretary G C Pati had said there is need for technology upgradation in existing mills and new mills in urban areas of the state.
MSME secretary Panchanan Dash said there is no specific package for funding the rice mills. However, the provisions mentioned in the Food Processing Policy 2013 can be applied to investors wanting to set up rice mills.
The policy on food processing will cover all the benefits and ensure five per cent per annum back-ended interest subsidy on working capital loan for first five years from commencement of operation of the units subject to a limit of Rs 5 lakh per year for five years.
According to the report, the move is aimed at developing more rice mills in coastal districts such as Cuttack, Jagatsinghpur and other nearby districts against the backdrop of a recent study which showed that nearly eight such districts lacked milling capacity compared with their annual demand.
Odisha has been producing around 8 million tonne rice every year. Around 60 per cent of it is processed at domestic mills while the rest is transported to other states. (KNN Bureau)
The processing mills will have facilities to produce rice bran oil and rice husk power using surplus rice available in the state, it said.
Recently, the state chief secretary G C Pati had said there is need for technology upgradation in existing mills and new mills in urban areas of the state.
MSME secretary Panchanan Dash said there is no specific package for funding the rice mills. However, the provisions mentioned in the Food Processing Policy 2013 can be applied to investors wanting to set up rice mills.
The policy on food processing will cover all the benefits and ensure five per cent per annum back-ended interest subsidy on working capital loan for first five years from commencement of operation of the units subject to a limit of Rs 5 lakh per year for five years.
According to the report, the move is aimed at developing more rice mills in coastal districts such as Cuttack, Jagatsinghpur and other nearby districts against the backdrop of a recent study which showed that nearly eight such districts lacked milling capacity compared with their annual demand.
Odisha has been producing around 8 million tonne rice every year. Around 60 per cent of it is processed at domestic mills while the rest is transported to other states. (KNN Bureau)
Loading...
