Processing parks a major fillip to food industry

Satara Mega Food Park Pvt Ltd will leverage an additional investment of about Rs.250 crores in 25-30 food processing units, leading to a turnover of about Rs.450-500 crore annually, said Minister of Food Processing Industries Harsimrat Kaur Badal.

The park is under the government’s Mega Food Park scheme, which provides financial assistance upto Rs.50.00 crore per project.

Badal inaugurated the Satara Mega Food Park is Maharashtra’s Degaon village, District Satarawas on 1 March 2018.

She said the Ministry is focusing on boosting the food processing industry so that agriculture sector grows exponentially and becomes a major contributor to doubling the farmer’s income and ‘Make in India’ initiative of the government.

“To give a major fillip to the food processing sector by adding value and reducing food wastage at each stage of the supply chain with particular focus on perishables, the Ministry is implementing the scheme across the country,” she underlined.

Badal pointed out that the present government is fully committed to providing an environment that is smooth, transparent and easy for investors wanting to start an enterprise in India.

In a bid to make India a resilient food economy and the Food Factory of the World, the government has made Food Processing a major thrust area of ‘Make in India’, Badal said.

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

Common facilities and enabling infrastructure is created at Central Processing Centre and facilities for primary processing and storage is created near the farm in the form of Primary Processing Centers (PPCs) and Collection Centers (CCs). fii-news.com