The government is aiming to make India the largest food processing hub in the world, said Union food processing industries minister Harsimrat Kaur Badal. Addressing a food conclave organised by the Confederation of Indian Industry (CII), the minister said the government had recently allocated the remaining 17 food parks of the total sanctioned 42 mega food parks.
Besides, the Centre has set up a special fund of Rs 2,000 crore for providing finance to small units to be set up under these food parks, she said. “Much of the wastage in the country takes place at the farming, harvesting and storage levels unlike in the West where it takes place on the plate. The government’s vision is to ensure that India graduates from being the largest food producer to the largest food processor,” said Harsimrat.
In March this year, the food processing ministry allocated 17 mega food parks across the country to state governments and private firms, envisaging an investment of over Rs 6,000 crore.
A mega food park provides various facilities to food processors, farmers, retailers and exporters, helping achieve faster growth of food processing industries. The total projected cost to set up these 17 mega food parks will be `2,030 crore, of which the central grant will be Rs 850 crore.