📰 BL Agro–MoFPI MoU: ₹1,660 Cr Agro-Processing Hub in Bareilly
📌 Key Facts
- MoU Signed Between: BL Agro Group & Ministry of Food Processing Industries (MoFPI).
- Project Investment: ₹1,660 crore (~$200 million) over 5 years.
- Location: Bareilly, Uttar Pradesh.
- Nature: Export-oriented integrated agro-processing hub.
- Construction Start: Within 6 months.
- Phase I Completion Target: 2027.
- Jobs Expected: 3,500+ (direct & indirect).
📌 Project Components
- Rice Milling Unit: Fully automated; premium basmati rice.
- Edible Oil Plant: 500 TPD extraction & refining (Bail Kolhu & Nourish brands).
- Packaging Lines: Advanced automation.
- Sugar Storage Facilities.
- Grain Storage: 40,000 MT capacity (supports food security & exports).
📌 Strategic Objectives
- Strengthen India’s food security.
- Enhance global trade presence & agri exports.
- Build sustainable value chains for farmers & rural communities.
- Integrate circular economy practices:
- By-product use in cattle feed.
- Renewable energy integration.
📌 Institutional Role
- MoFPI Support: Facilitation in statutory clearances & approvals to fast-track project execution.
Updated - 29 Sept 2025 ; 9: 29 PM | ET