Govt to set up 30 food parks
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.
By PTI |
NEW DELHI: 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.
The Bharati Group, which has announced its retail forays with global giant Wal-Mart and north India's leading food chain Haldiram have shown interest to become the 'anchor investor' for a food park in Chindwara in Madhya Pradesh.
The concept of food parks was approved at a recent meeting between Nath and Minister of State for Food Processing Subodh Kant Sahai along with senior officials of the two Ministries and representatives of the industry. Bharati Group chief Sunil Bharati Mittal was also present at the meeting.
The government would soon appoint a consultant for the proposed parks and identify the private sector investors.
The food parks would benefit from the schemes of the two ministries. These include Assistance to States for Infrastructure Development for Exports (ASIDE), Industrial Infrastructure Upgradation Scheme (IIUS) of the Commerce and Industry Ministry and the Mega Food Park Scheme of the Ministry of Food Processing.
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.
The Bharati Group, which has announced its retail forays with global giant Wal-Mart and north India's leading food chain Haldiram have shown interest to become the 'anchor investor' for a food park in Chindwara in Madhya Pradesh.
The concept of food parks was approved at a recent meeting between Nath and Minister of State for Food Processing Subodh Kant Sahai along with senior officials of the two Ministries and representatives of the industry. Bharati Group chief Sunil Bharati Mittal was also present at the meeting.
The government would soon appoint a consultant for the proposed parks and identify the private sector investors.
The food parks would benefit from the schemes of the two ministries. These include Assistance to States for Infrastructure Development for Exports (ASIDE), Industrial Infrastructure Upgradation Scheme (IIUS) of the Commerce and Industry Ministry and the Mega Food Park Scheme of the Ministry of Food Processing.
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