HARSIMRAT KAUR SETS A DEADLINE OF NEXT 30 MONTHS TO MAKE 42 MEGA FOOD PARKS FUNCTIONAL AT PHD CHAMBER

HARSIMRAT KAUR SETS A DEADLINE OF NEXT 30 MONTHS TO MAKE 42 MEGA FOOD PARKS FUNCTIONAL AT PHD CHAMBER

HARSIMRAT KAUR SETS A DEADLINE OF NEXT 30 MONTHS TO MAKE 42 MEGA FOOD PARKS FUNCTIONAL AT PHD CHAMBER

 

No.PR-136
November 19, 2015
New Delhi

 

HARSIMRAT KAUR SETS A DEADLINE OF NEXT 30 MONTHS TO MAKE 42 MEGA FOOD PARKS FUNCTIONAL AT PHD CHAMBER
 

Union Minister for Food Processing Industries, Mrs. Harsimrat Kaur Badal on Thursday announced the deadline of next 30 months for making the 42 mega food parks functional, reiterating the government’s commitment to drastically reduce the wastage of farm produce with zero tolerance to it, estimates of which at current price of Rs.92,000 crores.
 

Inaugurating the 3rd International Conference & Exhibition – India Farm 2 Form 2015 organized by PHD Chamber of Commerce and Industry here today, the minister said that the government was evolving regulatory framework for food laws in consultation with all its relevant organs that are transparent and asked food processing industries to also become transparent with their trade practices to take advantage of the new emerging regime.
 

“The only way through which the sweat of farmers can be suitably rewarded and food processing industry gain in is through execution of 42 mega food parks schemes of the government of the day which are being put in place in six states as it would substantially curtail the farm wastage and equip the end consumer with nutritional food”, said the Minister. 
 

It is because of this reason that the new government has focused on setting up of 42 mega food parks that will provide adequate remuneration to farmers for their produce and also facilitate faster industrialization of food processing industries in India and reward its consumers with dietary food with well contained prices, added the Minister.
 

The government through NABARD has created Rs.2,000 crores corpus through which concessional interest rates, the entrepreneurs can avail of money at about 9% interest rates and even with 50% subsidy element to put up food processing industries in pockets nearer to farm houses so that the farmers and the entrepreneurs gain in equitably.
 

According to the minister the government allows 100% FDIs in the food processing sector and as per the report jointly prepared by PHD Chamber and Grant Thornton and released by the minister, it is estimated that the food processing sector has received around US$6429.15 million worth of foreign investments during the period April 2000 to June 2015. 
 

Of the total investments worth over US$12584 billion attracted by food processing sector as of December 2014, Gujarat attracted the higher share (US$2.5454 billion) at 20%.  Further, the private sector accounted for over a shopping 97% of the total investment attracted in Gujarat.
 

In his welcome remarks Sr. Vice President, PHD Chamber, Dr. Mahesh Gupta demanded transparency in the food regulations laws so that regulatory teeth are not mis-appropriated on any pretext.
 

Among others who participated in the conference included Chairman and Co-Chairperson, Agribusiness Committee, PHD Chamber, Mr. N M Kejriwal and Ms. Priyanka Mittal alongwith its Secretary General Mr. Saurabh Sanyal.
 

ENDS.

Koteshwar Prasad Dobhal
Consultant (PR)