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Home Investment

India improves environment for FDI in food industry

Fiinews by Fiinews
June 11, 2017
in Investment, Technology
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Mega Food Park Scheme across the country.

Harsimrat kaur badal, A.P. Frank NoronhaBadal (in centre) on Mega Food Parks.

India is improving environment for investors to participate in the country’s food processing industry, aiming to serve the global market, Minister of Food Processing and Industries, Harsimrat Kaur Badal, has assured.

She said “the government is fully committed to providing an environment that is smooth, transparent and easy for investors wanting to start an enterprise in India and in a bid to make India a resilient food economy and Food Factory of the World”.

The government is providing financial assistance of Rs.50 crore to each of the projects.

Badal said her ministry is implementing Mega Food Park Scheme across the country.

Mega Food Parks will have modern facilities for food processing along the value chain from farm to market with strong forward and backward linkages through a cluster based approach.

Farm will have Primary Processing Centers (PPCs) and Collection Centers (CCs).

Badal laid the foundation stone on 11 June 2017 of Mega Food Park of Kerala Industrial Infrastructure Development Corporation (KINFRA) at Palakkad.

The Rs.119.02 crore Park is being set up in 78.68 acre of land with Central Processing Centre (CPC) including Pack house (Sorting grading packing) of 10 MT/hr, Warehouse of 12000 MT, Silos of 6000 MT, Multi Product Cold Storage of 5000 MT, Spices & Condiments Processing including Mechanical Dryer of 15 T/day, Ripening Chamber of 120 MT, Cashew Roasting of 2MT/day and other food processing facilities.

She also laid the stone of 2nd Park of Kerala State Industrial Development Corporation Ltd (KSIDC) at Alappuzha.

This Rs.129.15 crore Park is being set up in 68.18 acre of land with CPC including Cold Storage of 3000 MT, Deep Freeze Unit of 3000 MT, Deboning and Canning Unit of 50 tonnes/day, Warehouse of 1000 MT and other food processing facilities. fii-news.com

Tags: Harsimrat Kaur BadalMinistry of Food Processing and Industries
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