Avio Smart Market Stack Partners with Government of Tripura to Establish Fruit and Vegetable Freeze-Drying Facility

Avio Smart Market Stack Partners with Government of Tripura to Establish Fruit and Vegetable Freeze-Drying Facility​

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 fresh fruits and vegetables. This initiative aims to significantly strengthen the agro-processing infrastructure and create sustainable livelihood opportunities within Northeast India.

The project, titled "A Freeze-Drying Initiative on Fruits and Vegetables for Tripura," is designed to address post-harvest losses by utilizing advanced freeze-drying technology. By preserving produce for extended periods, the facility will help farmers unlock greater value addition and improve access to premium domestic and international markets.

The establishment of this initiative is expected to create substantial employment opportunities in the region. The project anticipates generating approximately 500 direct jobs and an additional 800 indirect jobs, thereby strengthening the state's horticulture sector and creating a robust agri-value chain.

Project Details and Commitment​

The MoU was signed during the Destination Tripura Business Conclave 2026. During the conclave, which the Department of Industries and Commerce, Government of Tripura organized to accelerate industrial development, Dr. Raja Krishna Murthy M, Head of Agri Tech Business at Avio Smart Market Stack Limited, received appreciation from the Hon'ble Chief Minister for the facility and its commitment to strengthening Tripura’s agri-processing ecosystem.

The project reinforces Avio Smart Market Stack’s dedication to agricultural solutions that promote sustainable economic development by improving farmer incomes and strengthening food processing infrastructure through innovation.

Commenting on this development, Dr. Raja Krishna Murthy Morla, Head of Agri Tech Business at ASMS, stated: "This project reflects our commitment to strengthening India's agri-tech infrastructure at the grassroots level. Tripura's rich agricultural base, combined with the state government's proactive support, makes it an ideal location for our freeze-drying facility. We look forward to working closely with local farmers and stakeholders to build a sustainable value chain for fruits and vegetables while bringing advanced food processing technologies closer to the source of production."

Company Overview​

Avio Smart Market Stack Limited is a diversified platform company concentrating on building scalable businesses across Financial Inclusion and Digital Services, Agri Supply Chain and Technologies, and Diagnostics and Healthcare. The company leverages its existing reach within rural India through its Financial Inclusion division. Expanding into agri-technology, the company continues to build a technology enabled agricultural ecosystem in partnership with stakeholders like the Government of Tripura.

ASMS Stock Price Movement​

As of 12:18 PM, shares of Avio Smart Market Stack Limited are edging higher to ₹7.09, displaying a strong gain of 0.57% in current live trading. The stock activity involves 33,378 shares traded so far, reflecting the firm's continued performance on the market floor.