1. Home
  2.  |  
  3. State Current Affairs |  

Chief Minister of Punjab gave approval to set-up Mega Food Park in Ludhiana

May 29, 2014 17:00 IST

Prakash Singh Badal, the Chief Minister of Punjab on 28 May 2014 gave in-principle approval to set-up Mega Food Park at Ladowal in Ludhiana. The proposal to set up Mega Food Park was floated by the Punjab Agro Industries Corporation (PAIC).

The approval will help promote Crop Diversification Programme in Punjab and also give a fillip to the food processing industry in the State.

The Mega Food Park will be set up in an area of 100 acres at a cost of 150 crore rupees

Badal in this regard directed PAIC to finalise a Detailed Project Report (DPR). PAIC has also been asked to submit the DPR at the earliest to the Union Food Processing Ministry.

The Chief Minister asked the concerned authorities to complete the entire plan along with getting requisite approvals simultaneously within three months. The authorities have also been asked to finalise a policy for allotment of land sites in the mega food park to companies that would make big investments in a time bound manner.

The scheme of Mega Food Park of Union aims at providing a mechanism to link the production of agriculture to the market, envisages a one-time capital grant of 50 percent of the project cost that is subject to a maximum of 50 crore rupees in general areas and 75 percent of project cost subject to a ceiling of 50 crore rupees in difficult and hilly areas.

Apart from the approval of the Mega Food Park, the Chief Minister also gave approval to establishment of new ultra modern fish markets at Amritsar and Bhatinda on the pattern of already approved at Ludhiana. Also for establishment of maize processing cluster, the Chief Minister asked the department to identify a large chunk of land besides working out the comprehensive plan for it.

image
Mega Food Parks Scheme

The 10th Plan Scheme of Food Parks was revised during the 11th plan period and was renamed as Mega Food Parks Scheme (MFPS). Further, the scheme was approved by the Union Government in September 2008. Objectives of the Scheme
• Scheme formulated to accelerate growth of food processing industry in the country
• Raising the processing of perishables in the country from the existing 6 percent to 20 percent
• Raining value addition from 20 percent to 35 percent
• By the year 2015, raise in the share in global food trade from 1.5 percent to 3 percent

Is this article important for exams ? Yes47 People Agreed

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK