Avio Smart Market Stack partners with Government of Tripura to establish freeze-drying facility for agricultural produce
National | July 14, 2026: 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 dedicated to fresh fruits and vegetables. This initiative aims to significantly strengthen agro-processing infrastructure and generate sustainable livelihood opportunities within the Northeast region.The project, titled "A Freeze-Drying Initiative on Fruits and Vegetables for Tripura," is designed to address post-harvest losses through advanced freeze-drying technology. By enhancing the shelf life, quality, and marketability of locally grown produce, the facility aims to improve farmer incomes and reduce food waste, thereby contributing to the long-term growth of Tripura's agricultural economy.
The facility is projected to create approximately 1,300 jobs in total. This includes direct employment for around 500 people and an additional 800 indirect jobs, establishing a robust value chain for the state's horticulture sector.
The MoU signing took place during the Destination Tripura Business Conclave 2026. The project received appreciation from the Hon'ble Chief Minister of Tripura after Dr. Raja Krishna Murthy M, Head - Agri Tech Business at Avio Smart Market Stack Limited, interacted with the minister.
Dr. Raja Krishna Murthy Morla, Head - Agri Tech Business at ASMS, commented on the agreement, stating that the project reflects a commitment to strengthening India's agri-tech infrastructure at the grassroots level. He added that Tripura's agricultural base, coupled with proactive state government support, makes it an ideal location for the facility, allowing them to work closely with local farmers and stakeholders to build a sustainable value chain.
Avio Smart Market Stack Limited, which operates globally across six countries and has a strong presence in rural India, is committed to leveraging technology-driven agricultural solutions. The company focuses on strengthening food processing infrastructure and promoting sustainable economic development through innovation-led value creation.
ASMS Stock Price Movement
Avio Smart Market Stack Limited shares continue edging higher as of 10:34 AM, currently trading at ₹7.07 after gaining 0.28%. The stock maintains a narrow intraday range between its low of ₹7.01 and high of ₹7.11, with 14,151 shares traded in the live market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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