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Modifications in Mega Food Park Scheme
May 12, 2015

The Cabinet Committee on Economic Affairs has approved the modification in Mega Food Park Scheme guideline of infrastructure development for food processing. These modifications will streamline the implementation of the scheme and make the implementation of the Mega Food Parks smooth. 

These modifications are expected to trigger further investment in the food processing sector and ensure smooth implementation of the Mega Food Parks scheme particularly, projects at initial phases of the scheme’s implementation.

The Scheme will be implemented in a market driven manner commensurate with both global and national demands. Innovative supply chain management will be the key to implementation of this scheme. The project proposals for focusing on the processing and preservation of perishable food products will be given weightage in selection.

Each Mega Food Park is expected to generate the following financial outcomes:

  • Expected to benefit 6000 farmers / producers directly and about 25000 farmers indirectly,

  • Estimated investment in each project will be about Rs. 100 crore in common facilities and will leverage an additional investment of about Rs. 250 crore.

  • Expected annual turnover of each project will be Rs. 500 crore.

  • About 30 food processing units are expected to be setup in each project. 

The modification will also bring Central Government agencies on par with the State Government agencies by removing the restriction of a maximum 26 percent on their equity holding in the Special Purpose Vehicle (SPV) and allowing all Government agencies to become shareholders in the SPV without any restriction on their shareholding. 

The Infrastructure Development Scheme for Mega Food Parks aims at providing modern infrastructure facilities for food processing industries along the value chain from farm to market. As per the Scheme, ownership and management of the Mega Food Park vests with a SPV in which organized retailers, processors, service providers etc may be the equity holders or there may be an anchor investor along with its ancillaries, associated companies and other stakeholders.

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