Govt to grant Rs 1,500 cr to set up 30 mega food parks

The Government would grant Rs 1,500 crore for setting up 30 mega food parks across the country by the end of 2008.

MUMBAI: The Government would grant Rs 1,500 crore for setting up 30 mega food parks across the country by the end of 2008.

"We are planning to come up with 30 mega food-parks, one in each state. The investment in each park is pegged at around Rs 50 crore," Minister of State for Food Processing Industries (Independent Charge) Subodh Kant Sahai told PTI here.

The food parks will be built on a minimum area of 100 acres to a maximum of 100 hectares, Sahai said.

"Both forward and backward integration activities will be undertaken in these parks," Sahai said, adding that "the supply chain would be linked in such a way that the parks will get the food products directly from the farmers gate".

The farmers don't have to come all the way to the parks. They will be linked well with the existing supply chain of the mega food parks and the products will be collected from their farms itself, Sahai said.

The food-parks would include all the agriculture products.
ADVERTISEMENT

"It would include products such as food grains, fisheries, horticulture, fresh fruits, vegetables and other items," he added.

The grant will be sanctioned in two instalments, he said, adding that construction work on the parks would commence from early 2008.

"Construction work is slated to begin from March 2008," he said.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Policy › Govt to grant Rs 1,500 cr to set up 30 mega food parks
Text Size:AAA
Success
This article has been saved

*

+