Hyderabad: Minister Gangula Kamalakar, from the Department of Municipal Administration and Urban Development, has announced that the Telangana government is taking steps to set up mills locally in the state. On Wednesday, Commissioner of the Department of Municipal Administration and Urban Development, Anil Kumar, along with officials from the Special Purpose Vehicle (SPV) and representatives from Japan Stock Exchange Corporation, met with the minister to discuss the matter.
CM KCR has prioritized the development of Telangana and has made efforts to ensure self-sufficiency in rice production. The government is taking steps to establish milling industries in accordance with the needs of farmers. In 2014, there were 1,815 rice mills in the state, which has now increased to 2,574 mills. Telangana has extensive opportunities for rice milling, with over 300 million tons of rice being produced annually. The government has allocated Rs. 20 crores to establish mills on a state-wide scale in the Department of Municipal Administration and Urban Development.
The Telangana milling industry has extensive opportunities for expansion. The minister stated that Telangana is at the forefront of adopting the latest technology worldwide. Along with milling, the state also focuses on processing by-products such as rice bran oil, husk, and other derivatives. Discussions are ongoing with representatives from stock exchanges and other companies regarding their technological expertise. The representatives of Stock Exchange Corporation and other companies provided information about their respective company’s technological capabilities to the minister. The officials from the Special Purpose Vehicle (SPV) also announced that they have established mills with a capacity ranging from 20 tons to 1200 tons.
The government aims to reduce wastage and expenses through modern techniques such as parboiling and market fees. In addition to establishing mills, the government provides tailor-made incentives for special food processing zones, with an allocation of over 100 crores for beneficiaries who have invested more than 75% in capital, machinery, and market fees. The government also encourages organizations such as the SRI, STI, self-help groups, and cooperative societies to utilize these incentives for the benefit of their respective communities. The program was attended by representatives such as GM Rajareddy, Director of the TS Food Processing Society, Akhil Kumar Gavar, and representatives from Japan Stock Exchange Corporation, Arke Bajaj, H. Sathish Kumar, K. Vithal, and K. Vinay Kumar.