Union Ministry of Food Processing Industries on 18 May 2015 sanctioned proposals for setting up 30 new cold storage chains in the country.
The total expected grant-in-aid to be released by the Ministry is 274.9 crore rupees which would attract an investment of 470 crore rupees.
These 30 new cold storage chains were sanctioned under the Integrated Cold Chain project. So far, 138 cold storage chains under the project have been sanctioned out of which 108 are under implementation. Out of these 52 cold storages have been completed and are operational.
Importance of the decision
• These 30 projects will help in creating a capacity of 1.12 lakh Million Tonnes (MT) of cold storage, 11.10 lakh litres per day of milk processing, 1434 MT per day of ripening chamber and 209 Reefer Vehicles.
• This decision will also help bridge the shortfall in handling capacity for at least 29-30 million tonnes (mt) of milk and dairy products, fruits and vegetables, fish and marine produce and cereals.
• It will also help in creating a Cold Chain Infrastructure to link the farmer with the consumer seamlessly and creating a Cold Chain Grid in the country.
• This decision along with earlier decision of setting up 17 Mega Food Parks will help attract a total investment of about 3077 crore rupees in the creation of infrastructure in food processing industry in the country.
India is the third largest food producer in the world yet barely 2.2% of fruits and vegetables in India are processed.
Also, Government estimates the food processing sector to be growing at 8.4% and comprised 13% of factory employment in 2012-13.
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When: 18 May 2015