Govt plans to set up 30 food parks

NEW DELHI: The government on Thursday said it will set up 30 food parks involving private sector investment and Chindwara, Commerce and Industry Minister Kamal Nath’s Lok Sabha constituency, has been chosen among the initial beneficiaries of the scheme.

Each of the parks, eligible for a government subsidy of Rs 50 crore, will be set up by a special purpose vehicle with private sector participation, an official release said.

The Bharti group, which has announced its retail forays with global giant Wal-Mart and north India’s leading food chain Haldiram, has shown interest in becoming the ‘anchor investor’ for a food park in Chindwara in Madhya Pradesh.