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Govt receives proposals from Adani, ITC, Future Group for 17 food parks

    R&M Bureau
    By R&M Bureau, Delhi,
    Tue, Oct 21st, 2014 (10:08:04 AM IST) Section: Industry Category: Agriculture

    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.

    Govt receives proposals from Adani, ITC, Future Group for 17 food parks

    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.

    Earlier the Food Processing Minister Harsimrat Kaur Badal had 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.

    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.

    "Therefore the Food Processing Ministry is focussing on bringing down the percentage of losses in agricultural commodities particularly in fruits and vegetables," she said.

    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.