Business Opportunities in India
First 10 food parks approved
Our Bureau
Date of posting: 15-09-08
      The Cabinet Committee on Economic Affairs has now given its approval for the implementation of the scheme for establishment of the first food parks whose establishment was discussed already for a while. In the first phase, ten mega food parks out of thirty mega good parks would be part of the Eleventh Five Year Plan. A food park would provide common infrastructure facilities like cold storage to enable backward and forward linkages for the food processing industry.

      The government said that it would provide assistance (grant-in-aid) in the height of 50% of the project cost in general areas and 75% for the North-East Region and in difficult areas subject to maximum of Rs.50 crore, out of a total grant-in-aid of Rs.500 crore.

      The scheme of infrastructure development is targeted to raise the level of processing, value addition, and reduction of the wastage of perishables like horticultural produce, live stock, marine, dairy etc., thereby helping the food processing industry to grow and realize its potential which should also lead to a greater share in the world food trade.

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