Ministry of Food Processing and Industries announces 17 new Mega Food Parks
The Dollar Business Bureau The Ministry of Food Processing and Industries, announced setting up of 17 new Mega Food Parks (MFPs) acroos the country. The announcement came after earlier projects for setting up of these facilities were withdrawn. Out of these 17 fresh MFPs, seven projects will be approved by State government agencies from six States and the rest are expected to be taken up by private operators. In the total project cost that stands at Rs 2333 crore, the government’s grant is likely to be around Rs 850 crore and promoters’ contribution as equity and loan is around Rs 1,483 crore. This was informed by Sadhvi Niranjan Jyoti, Union Minister of State for Food Processing Industries on Tuesday. The ...
