17 Food Parks to be launched with investment of Rs. 2100 Cr.
Updated: Mar 10, 2015 04:54:40pm
New Delhi, March 10 (KNN) Government is likely to allocate 17 food parks to different companies by the end of this month, which will attract an estimated investment of about Rs 2,100 crore announced the Food Processing Minister Harsimrat Kaur Badal while inaugurating the International Food and Hospitality Fair 'AAHAR' organised by Indian Trade Promotion Organisation today.
Only 2 per cent of total fruits, vegetables and grains produced in the country is processed and according to some estimates nearly 50% of the fruits and vegetables are wasted due to limited processing facilities.
The government has received 72 proposals from various companies including Adani Group, ITC and Future Group for 17 food parks and each of them is expected to attract a minimum investment of about Rs 125 crore. So, the total amount for all 17 food parks is expected at Rs 2,100 crore.
The Minister also added it will be ensured that at least one Mega Food Park is established in every state.
Under the earlier scheme of mega food parks, the Food Processing Ministry had sanctioned 42 projects throughout the country. Of these, 25 parks have already been allocated.
The Mega Food Park Scheme is based on cluster approach and are based on hub and spoke model. It aims at facilitating the establishment of a strong food processing industry backed by an efficient supply chain, which includes collection centres, central processing center (CPC) and cold chain infrastructure.(KNN/DB)
Only 2 per cent of total fruits, vegetables and grains produced in the country is processed and according to some estimates nearly 50% of the fruits and vegetables are wasted due to limited processing facilities.
The government has received 72 proposals from various companies including Adani Group, ITC and Future Group for 17 food parks and each of them is expected to attract a minimum investment of about Rs 125 crore. So, the total amount for all 17 food parks is expected at Rs 2,100 crore.
The Minister also added it will be ensured that at least one Mega Food Park is established in every state.
Under the earlier scheme of mega food parks, the Food Processing Ministry had sanctioned 42 projects throughout the country. Of these, 25 parks have already been allocated.
The Mega Food Park Scheme is based on cluster approach and are based on hub and spoke model. It aims at facilitating the establishment of a strong food processing industry backed by an efficient supply chain, which includes collection centres, central processing center (CPC) and cold chain infrastructure.(KNN/DB)
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