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Government sanctions 17 new Mega Food Parks entailing investment of Rs 2,330 crore

25 Mar 2015 Evaluate

The government has sanctioned 17 new Mega Food Parks (MFPs) which shall entail fresh investment of around Rs 2,330 crore. This will include grant-in-aid for an amount of Rs 850 crore. These 17 new MFPs spread across 11 states would attract a total investment of around Rs 4,000 crore and the annual turnover of the Food Processing units in these MFPs would be more than Rs 8,000 crore.

Out of the 17 MFPs, 06 have been sanctioned for the State Government authorities and 11 to private sector. These new MFPs will generate direct/indirect employment for around 2.5 lakh people and it is expected that more than 12 lakh farmers would be benefited after these MFPs are operational.

Out of the ongoing 25 Mega Food Parks, 2 have already been inaugurated and 3 more are expected to be operationalised by middle of this year compared to 2 Mega Food Parks operationalised by the previous Government since 2008. The farmers in the country would be greatly benefited in terms of better price for their produce and consumers would get wider choice at a very reasonable price once these 42 MFPs, inclusive of the 25 sanctioned by the previous government, become operational.


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