Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Oct, 20 2014

Govt receives 72 proposals for establishing 17 Food parks

Companies including Adani Group, ITC and Future Group applies for proposal for 17 food parks to be approved in the next two-three months.

Government has received 72 proposals from various companies including Adani Group, ITC and Future Group for 17 food parks to be approved in the next two-three months, reports PTI.

Under the scheme (2008-09) of mega food parks, the Food Processing Ministry had sanctioned 42 projects throughout the country. Of this, 25 projects are presently under implementation in various states.

"We have received 72 proposals including from big players like Adani, ITC and Future Group for the 17 food parks to be approved by the government in next 2-3 months," a source said.

Earlier the Food Processing Minister Harsimrat Kaur Badal said, "Each park estimated to attract a minimum investment of about Rs 125 crore".

After final approval for the project, the company needs to acquire minimum 50 acres of land within stipulated time. The company is free to decide the location of the project.

Government provides Rs 50 crore grant for each project on different cost constituents other the land cost, source added.

Meanwhile, Badal had pointed out that wastage of fruits, vegetables and grains worth Rs 44,000 crore annually was the primary cause of food inflation in the country.

The Ministry is also developing food maps of the country to identify areas for surplus of raw material for processing. It is also working on to identify clusters for setting up of food processing industries.

Comment
Related opportunities
  • About:Inhouse burger is the home to some of the best..
    Locations looking for expansion Karnataka
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Quick Service Restaurants
    About Us  Me, Waffle n More (MWM) is a quick service..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About UsValtellina & Welhouse  is a brand of Bhatia International..
    Locations looking for expansion New Delhi
    Establishment year 2002
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Others Entertainment & Leisure
    About:Riddle Room is a live escape room, A form of..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities