Mega Food Parks
Mega Food Park is an inclusive concept and a scheme of the Ministry of Food Processing of the Government of India, aimed at establishing a "direct linkage from farm to processing and then to consumer markets" through a network of collection centres and primary processing centres.[1] Its purpose was to increase processing of perishables from 6% to 20% and to increase India's Share in global food trade by at least 3% up to year 2015.
According to an estimate,[2] the Indian food industry was to grow from $200 million USD to $310 million USD in 2015 by this scheme.
Highlights of scheme[1]
- Government provides grants up to Rs 50 crores for each food park to a consortium of companies.
- 30-35 food processing units are expected to be established.
- Collective investment of companies is expected to be at least 250 crores.
- A turnover of 400-500 crore and employment generation of at least 30000 from each mega food park is expected.
Status
A sanction of 42 food parks has been planned, out of which 25 in various states have already been sanctioned[1][3] with 17 pending, expression of interest is available from companies with the government. According to the Government, as of October 2016, 8 mega food parks have become operational and all 42 would be operational in the next 2 years.[4]
References
- 1 2 3 "Mega Food Parks : what is it and how will it benefit Indian Economy". Elections.in. 2014-09-26. Retrieved 2016-07-26.
- ↑ "Potential location for setting up of food parks". Fnbnews.com. Retrieved 2016-07-24.
- ↑ "Scheme of Mega Food Park". Mofpi.nic.in. Retrieved 2016-07-26.
- ↑ "All 42 mega food parks to be operational in 2 years: Harsimrat Kaur Badal". Retrieved 2 March 2017.