Comments
The Government today nearly doubled the investment for setting up the National Institute of Food Technology, Entrepreneurship and Management (NIFTEM) to Rs 479.91 crore.
The institute, which is coming up at Kundli in Haryana, will be a global centre of excellence integrating all facets of food science, technology, entrepreneurship, research and management.
“The Cabinet Committee on Economic Affairs has approved the revised cost estimates from Rs 244.60 crore to Rs 479.91 crore with a foreign exchange component of $8.1 million for setting up of NIFTEM,” an official statement said.
The institute will work actively in assisting in setting food standards, businesses incubation and information sharing.
It would also be an apex institution in the field of food technology and management, networking and coordinating with other institutions in the same field, it said.
The institute will cater to the needs of various stakeholders such as entrepreneurs, industry, exporters, policy makers, the government and existing institutions.
CCEA had approved setting up of the institute in August 2006 and in October 2007 the UPA chairperson, Ms Sonia Gandhi, had laid the foundation stone for constructing the institute.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.