Markfed is one of the Asia’s largest marketing cooperative federation. Punjab’s Markfed has a turnover of over 2 billion USD, and has won fathomless recognition and awards by the Government of India for its contribution in various fields of excellence. It is a marketing federation of over three thousand societies, which represents the interests of millions of farmers across the Punjab state.
Markfed has been pro – actively contributing towards the development of the agricultural sector in the state, with the visionary motive of value addition to the agriculture produce for export and domestic market. It has invested about Rs. 25 crore, of which 11 acres of land has been acquired near Jalandhar with the view of establishing State of Art food processing unit. The Shiromani Akali Dal – BJP led state government has always been conducive towards the needs of the farmers, which is clearly evident by its selfless initiatives taken for accelerating the growth of the agricultural sector.
One such initiative was taken in the year of 2015, when the Punjab Chief Minister, Parkash Singh Badal dedicated the state-of-the Art cannery set up by Markfed in the state.
The Markfed cannery in the state, involved the investment of approximately Rs. 50 crore by the state government. With the set up of the same, the production capacity in comparison to the old unit is witnessed to increase by triple times. The plant has been successful in replacing the conventional and traditional techniques of production to the latest and scientific techniques of production, with the fully automated State of the Art grinding and packaging lines. Thereby, making it one of the most efficient and effective plant of the country.
The plant which was equipped to produce 66 lakh cans and 48 lakh pouches of ready to eat food per annum, has now been efficient enough to produce 5.60 lakh cans of fruit syrup and 18 lakh bottles of jam and ketchup, on yearly basis. With the support of the far sighted state government, Markfed has been successful in gaining popularity across the globe, it terms of wonderful quality and hygiene. The honorable Chief Minister, Mr. Parkash Singh Badal stated that approximately 88% of the production of the old Markfed canneries were exported to the highly developed countries such as United Nations, United Kingdom, Canada, Australia and the other European nations.
The foundation stone of Markfed, Honey processing plant had also contributed in large numbers towards the diversification of the agricultural sector, and nudging the farmers for adopting allied farming activities as goatery, piggery, bee keeping etc. for supplementing their income levels. The radical initiative of the state government, to set up new canneries by Markfed, has been accomplishing twin objectives of accelerating the growth rate and expanding the economic prospective of the farmers, and stimulating the agricultural sector in the state.