| The project, to be co-ordinated by the Society for Elimination of Rural Poverty (SERP), will be launched soon. |
| The MoU was signed by D Nalini Mohan, additional secretary (industries and commerce) and director of biotechnology, and Abhiram Seth, executive director of Pepsico. |
| Under the new project, fisherwomen would be involved in the cultivation of a sea weed kappaphycus whose derivative carragenan had wide industrial applications as food emulsifier, thickening agent in gellies etc. The weed, cultivated inside the sea on rafts in 45-60 days, would yield $400-500 per tonne. |
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