France launches support scheme for agri-food sector
Added on 10 March 2023
Agri-food is the leading industry in France with a turnover of 198 billion euros, according to a joint statement by the industry and agriculture ministries.
The state will provide 200 million euros of the total fund with the rest open to investment funds and strategic investors, Industry Minister Roland Lescure told reporters, adding that the investment strategy would be laid out in the coming weeks.
"The objective is not to nationalise the French agri-food industry but to support private partners who will help us to push the sector forward," Lescure said.
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