ET Bureau | 11 March 2015, 7:56 AM IST
The government has sanctioned 42 mega food parks, of which 21 have already got the final approval and are in various stages of development.
NEW DELHI: The government plans to clear 17 mega food park projects in a month estimated to attract total investments of over Rs 4,000 crore.
"We are evaluating the proposals for allocations of food parks. Very soon we will announce about it," food processing minister Harsimrat Kaur Badal said on the sidelines of a food and hospitality fair on March 10.
The government has sanctioned 42 mega food parks, of which 21 have already got the final approval and are in various stages of development, while four have been awarded and are in the process of meeting the conditions for final approval.
Officials in the ministry of food processing industries said the government received 72 proposals from various companies, including ITC and Future Group, for the remaining 17 food parks. The final allocation could take place by March-end, they said. It is expected that on an average, each project will have around 30-35 food processing units with a collective investment of Rs 250 crore that would eventually lead to an annual turnover of about Rs 450-Rs 500 crore and a creation of direct and indirect employment to about 30,000 persons.
Badal earlier said establishment of more food processing units would reduce the huge food wastage estimated at over Rs 45,000 crore in the country. State governments are promoting diversification of crops, thereby moving farmers from wheat and paddy to dairy and horticulture.
The scheme of food parks aims at providing a mechanism to link agricultural production to the market by bringing together farmers, processors and retailers so as to ensure maximising value addition, minimising wastages, increasing farmers' income and creating employment opportunities, particularly in the rural sector.
Increasing land prices and delay in getting necessary clearances by state government have hampered the setting up of mega food park projects in the country, said government officials. For example, the Kolkata-based Keventer Group, Pristine Logistics & Infraprojects and JVL Mega Food Park, which had the requisite approval to set up in Bihar by November 2011, is still in the process, said officials.
The government provides financial assistance for mega food parks in the form of grant-in-aid at 50% of eligible project cost in general areas and at 75% of eligible project cost in the northeastern region, hilly states and integrated tribal development programme areas, subject to Rs 50 crore a project.
source
The government has sanctioned 42 mega food parks, of which 21 have already got the final approval and are in various stages of development.NEW DELHI: The government plans to clear 17 mega food park projects in a month estimated to attract total investments of over Rs 4,000 crore.
"We are evaluating the proposals for allocations of food parks. Very soon we will announce about it," food processing minister Harsimrat Kaur Badal said on the sidelines of a food and hospitality fair on March 10.
The government has sanctioned 42 mega food parks, of which 21 have already got the final approval and are in various stages of development, while four have been awarded and are in the process of meeting the conditions for final approval.
Officials in the ministry of food processing industries said the government received 72 proposals from various companies, including ITC and Future Group, for the remaining 17 food parks. The final allocation could take place by March-end, they said. It is expected that on an average, each project will have around 30-35 food processing units with a collective investment of Rs 250 crore that would eventually lead to an annual turnover of about Rs 450-Rs 500 crore and a creation of direct and indirect employment to about 30,000 persons.
Badal earlier said establishment of more food processing units would reduce the huge food wastage estimated at over Rs 45,000 crore in the country. State governments are promoting diversification of crops, thereby moving farmers from wheat and paddy to dairy and horticulture.
The scheme of food parks aims at providing a mechanism to link agricultural production to the market by bringing together farmers, processors and retailers so as to ensure maximising value addition, minimising wastages, increasing farmers' income and creating employment opportunities, particularly in the rural sector.
Increasing land prices and delay in getting necessary clearances by state government have hampered the setting up of mega food park projects in the country, said government officials. For example, the Kolkata-based Keventer Group, Pristine Logistics & Infraprojects and JVL Mega Food Park, which had the requisite approval to set up in Bihar by November 2011, is still in the process, said officials.
The government provides financial assistance for mega food parks in the form of grant-in-aid at 50% of eligible project cost in general areas and at 75% of eligible project cost in the northeastern region, hilly states and integrated tribal development programme areas, subject to Rs 50 crore a project.
source
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