Maharashtra plans food security corridor with UAE

Maharashtra plans food security corridor with UAE

The central Indian state of Maharashtra is working to develop a food security corridor with the UAE. The government of Maharashtra, which has 11 million farmers, has linked up with US fund manager Pegasus Capital Advisors for the food trade project. Under their agreement, the Maharashtra authorities will share an operational plan within three months, […]

State is in central India

Maharashtra has 11m farmers

Deal with US fund manager

The central Indian state of Maharashtra is working to develop a food security corridor with the UAE.

The government of Maharashtra, which has 11 million farmers, has linked up with US fund manager Pegasus Capital Advisors for the food trade project.

Under their agreement, the Maharashtra authorities will share an operational plan within three months, detailing opportunities for collaboration and identifying potential partners in the UAE and GCC.

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The state, which has Mumbai as its capital, had an estimated GDP of $486 billion last year, according to the Maharashtra Industrial Development Corporation. It accounts for 14 percent of India’s economy and more than 17 percent of its exports. 

The plan was announced on Tuesday, just hours