Business Update with respect to submission of two (2) DPR''s and business plans with NHB for Cluster Development Programme.
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Prime Fresh Limited has submitted two Detailed Project Reports (DPRs) and business plans to the National Horticulture Board (NHB) under the Cluster Development Programme. The company plans to invest over 150 crore over the next 2-3 years to set up two fully integrated Peri-Urban Vegetable Clusters near Nashik and Pune in Maharashtra. The initiative will cover more than 12 fruit and vegetable crops and spans pre-production, production, post-harvest management, market linkages, and value addition. The company has already received preliminary approval for both project applications during the evaluation stage. Expected outcomes include 25,000+ direct and indirect jobs, a 35-50% income boost for 15,000+ farmers over 3-4 years, reduced post-harvest losses, and stronger export capabilities.
This is a positive growth signal for shareholders — a major 150+ crore expansion plan signals aggressive scaling of Prime Fresh's agriculture value chain business. Approval and execution of these NHB-backed projects could materially expand the company's revenue base, procurement strength, and export potential over the medium term.