BANGALORE: After boasting success at the Global Investors Meet (GIM) in 2010 with MoUs worth over Rs 3 lakh crore, the Karnataka Government claims to have garnered over Rs 53,000 crore investments in agro-based industries at the maiden Global Agri-Business and Food Processing Summit in Bangalore on Thursday.At the summit, held at the Bangalore International Exhibition Centre, 31 MoUs were signed by the government and private firms for sectors like agri-infrastructure, horticulture, sericulture and food processing.The summit also saw State Bank of India’s chief general manager Ashwin Mehra sign an MoU assuring Rs 40,000 crore to fund the agri business projects to be undertaken in the state. Besides this, Harold Doan and Associates and Srei Infrastructure committed Rs 15,000 crore each for agro business, corridor of excellence, knowledge hub and post harvest infrastructure projects in the state. Other major contributors included Wadhwan Mega infrastructure who committed Rs 10,000 crore, Welspun Infratech committing Rs 5,000 crore, Marg Limited with Rs 4,000 crore and Akshayakalpa Farms and Food with Rs 1,000 crore. Several other private players contributed from Rs 6 crore to Rs 700 crore for various efforts for a total of Rs 53,724.5 crore. Anand Mahindra, vice-chairman and managing director of Mahindra and Mahindra, which served as the knowledge partner, said the summit would make other states realise the potential and foray into the agro-based businesses. “Such efforts would benefit farmers and end users,” he said. The summit also witnessed protests by farmers.
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