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FINWIRES

Avio Smart Market Stack Signs MoU to Build Freeze-Drying Facility in Tripura

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Avio Smart Market Stack (NSE:ASMS, BOM:532694) signed a memorandum of understanding with the Government of Tripura to establish a freeze-drying facility for fruits and vegetables, according to a Tuesday exchange filing.

The company said the project is expected to create about 500 direct and 800 indirect jobs.

The facility will use freeze-drying technology to reduce post-harvest losses, extend the shelf life of produce, and improve farmers' access to domestic and international markets, the filing said.

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