Avio Smart Market Stack Signs MoU with Tripura Govt for Freeze-Drying Facility
Avio Smart Market Stack Limited signed an MoU with the Government of Tripura to set up a freeze-drying facility for fruits and vegetables. The project is expected to create around 1,300 jobs and strengthen the state's horticulture sector. Dr. Raja Krishna Murthy M, Head – Agri Tech Business, is leading the initiative.
The MoU signifies a new business initiative and potential for growth in the agri-tech sector, which could have a medium-term impact on the company's revenue and market presence. The job creation aspect also indicates a positive socio-economic impact.
The announcement details a new strategic partnership and investment in a freeze-drying facility, which is expected to create jobs and boost the agricultural sector, indicating a positive development for the company and the region.
Avio Smart Market Stack Limited has signed a Memorandum of Understanding (MoU) with the Government of Tripura to establish a state-of-the-art freeze-drying facility for fruits and vegetables. This initiative is expected to strengthen agro-processing infrastructure and create sustainable livelihood opportunities in the Northeast region.
The project, titled "A Freeze-Drying Initiative on Fruits and Vegetables for Tripura," aims to generate direct employment for approximately 500 people and indirect employment for another 800. It will create a robust value chain for the state's horticulture sector by enhancing the shelf life, quality, and marketability of locally grown produce. The facility will utilize advanced freeze-drying technology to address post-harvest losses, enabling farmers to preserve produce for longer periods and unlock greater value addition. This is expected to improve farmer incomes, reduce food waste, and contribute to the long-term growth of Tripura's agricultural economy by improving access to premium domestic and international markets.
The MoU was signed during the Destination Tripura Business Conclave 2026. As part of the conclave, Dr. Raja Krishna Murthy M, Head – Agri Tech Business at Avio Smart Market Stack Limited, received appreciation from the Hon'ble Chief Minister of Tripura, Professor Dr. Manik Saha, for the proposed project. Dr. Murthy stated that the project reflects the company's commitment to strengthening India's agri-tech infrastructure at the grassroots level and that Tripura's rich agricultural base and the state government's support make it an ideal location.
Avio Smart Market Stack Limited is a diversified platform company focused on Financial Inclusion & Digital Services, Agri Supply Chain & Technologies, and Diagnostics & Healthcare. The company aims to build scalable businesses across these sectors, leveraging technology-driven agricultural solutions to improve farmer incomes and promote sustainable economic development.
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Avio Smart Market Stack Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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