Avio Smart Market Stack Limited (formerly Bartronics India Limited) has signed a Memorandum of Understanding with the Government of Tripura to establish a freeze-drying facility for fresh fruits and vegetables, targeting a total of 1,300 jobs, according to an announcement on July 14, 2026.
Project Details and Employment Impact
The project, titled "A Freeze-Drying Initiative on Fruits and Vegetables for Tripura," is expected to generate direct employment for approximately 500 people and indirect employment for another 800, bringing the total projected job creation to approximately 1,300, the company stated. The facility aims to address post-harvest losses by extending the shelf life of locally grown produce and improving access to domestic and international markets, with the broader goal of strengthening Tripura’s horticulture value chain.
| Category | Number |
|---|---|
| Direct employment | ~500 |
| Indirect employment | ~800 |
| Total projected jobs | ~1,300 |
Conclave and Government Support
The MoU was signed at the Destination Tripura Business Conclave 2026, organised by the state’s Department of Industries and Commerce. During the conclave, Dr. Raja Krishna Murthy M, Head of Agri Tech Business at ASMS, met with Tripura Chief Minister Professor Dr. Manik Saha, who reportedly appreciated the company’s proposed initiative, according to the company's statement.
Company Profile and Stock Performance
Avio Smart Market Stack, which operates across six countries, describes itself as an IT services and business solutions provider with interests spanning digital transformation, sustainable agriculture, and climate technologies. On the NSE, the shares were trading at ₹7.10, up 0.71% as of mid-morning on the announcement day. The stock has significantly underperformed over the past year, down nearly 49% against the Nifty 50’s 3.89% decline over the same period. The company carries a market capitalisation of approximately ₹216 crore.
The freeze-drying plant represents a step into agricultural infrastructure for Avio Smart Market Stack, leveraging its stated focus on sustainable agriculture. The facility is expected to support local farmers by reducing spoilage and opening new market channels, though specific investment amounts and production timelines were not disclosed in the announcement.
For manufacturing and procurement professionals, this project signals growing investment in cold chain and preservation technology in northeastern India, potentially creating new supply chain nodes for processed fruit and vegetable ingredients.
Sources:
