Magazines Archives - 2007 September

India to set up mega food parks
Story 12

THE Indian government will allocate up to Rs15 billion (US$366.5 million) to establish 30 mega food parks. This is to help resolve problems encountered in the food-retail industry, specifically in the areas of processing and supply chain.

Each food park, which will be between 10ha and 100ha in size, will receive a Rs50 crore grant. The parks, which will have fully integrated front- and backend operations, will be developed in partnership with the private sector, India’s Union Food Processing Minister Subodh Kant Sahai told the local media earlier this month.

A committee has been set up to identify locations for the five food parks in the initial phase. Designed to cater to all the requirements of the food industry, the parks which will be equipped with cold warehousing, grading centres and research laboratories will procure, process and distribute finished products.