IFFCO-CN Corp to set food processing unit in Punjab

IFFCO-CN Corp to set food processing unit in Punjab

Agency News

Chandigarh, May 29 : Inspired by the 'Invest Punjab' initiated by Govt of Punjab, country's largest cooperative group Indian Farmers Fertilizer Cooperative Limited (IFFCO) in a joint venture with Spain's biggest food processing Company Congelados de Navarra (CN Corp) to set up food processing unit at Samrala near Ludhiana.

According to a statement issued by IFFCO, Chief Minister Captain Amarinder Singh will lay the foundation stone of the project on May 30 in the presence of functionaries of IFFCO and CM Corp.

This would be a 'Make in India' project of Joint Venture(JV) of CN-IFFCO Pvt Ltd which would focus on export of products made per unit.

Besides production, the JV will also focus on training of farmers, implementation of modern technology and know-how of both the companies that would give impetus to the overall growth of the region, generate employment and bolster the economy of people and the state as well.