A Bangladeshi agro-food processing group, Programme for Rural Advancement Nationally (PRAN), will invest Taka 10 crore (around Rs 6.80 core) to set up an agro-food processing unit in Tripura.
PRAN has been permitted by Bangladesh Revenue Board to invest 10 crore Bangladeshi Taka in the state, Chairman of Tripura Industrial Development Corporation (TIDC), Pabitra Kar said.
The TIDC has allotted two acre to PRAN to set up the agro-food product unit at Bodhjungnagar Industrial Growth Centre area, about 22 km from here, Kar said.
All logistics for setting up the unit which would earn foreign money and create scope for employment would be provided by TIDC, he said.
According to Chief Executive Officer of PRAN Amjad Ali Khan Chowdhury, the group was seeking loans from Indian and foreign financial institutions to expand in other parts of the state as its products were in demand in eastern India.
Set up in 1980, PRAN which manufacture snacks, confectionery, juices, beverages, culinary products, dairy and premium rice, exports to 75 countries.