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Anti-Sterlite protest: 11 killed in police firing in Thoothukudi        No charges for cancelling flight tickets within 24 hours of booking: Aviation Ministry proposal        Gowda says he is not opposed to Shivakumar being made minister        For the first time in 226, woman to lead the NYSE        Now, it's India vs Pakistan over Kishanganga project at World Bank        Afghanistan blast: 16 killed, 38 wounded in southern Kandahar province        SBI Q4 loss at Rs 7,718 crore as NPA provisions jump        Faf du Plessis shines as CSK beat SRH to enter seventh final        Emery set to succeed Wenger as Arsenal boss - reports        Venezuelan Prez Nicolas Maduro wins re-election        Plea In Supreme Court Seeks Review Of Verdict In Judge Loya Death Case        BJP now down to 272 Lok Sabha seats from 2014 tally of 282        Modalities of Government Formation in Karnataka Finalised, Says HD Kumaraswamy        PNB fraud: ED attaches Nirav Modi’s properties worth Rs 171 cr        CSK and SRH lock horns in Qualifier 1 for spot in IPL 2018 final        Belgium leave out Nainggolan for World Cup        Presence of Nipah virus confirmed in Kerala        Hirokazu Kore-eda's 'Shoplifters' wins Palme d'Or at Cannes        Cuba: 110 died in plane crash, 3 survivors 'critical'        Delhi knock Mumbai out with a thrilling 11-run win        
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Business News
India will turn world's food factory: Harsimrat Kaur Badal
 
(New Delhi, Jun 12, 2017, PTI): Food Processing Minister Harsimrat Kaur Badal today said the government wants to make India a "food factory" of the world and is fully committed to provide transparent environment to investors.

Laying the foundation stone for a mega food park being developed by KINFRA at Palakkad in Kerala, Badal said the government has made food processing a major thrust area of 'Make in India' initiative.

"The present government is fully committed to providing an environment that is smooth, transparent and easy for investors wanting to start an enterprise in India in a bid to make the country a resilient food economy and 'Food Factory' of the world," Badal said.

The food park is being set up on 78.68 acres at a cost of Rs 119.02 crore.

"Giving a big push to the infrastructure development for food processing in the state of Kerala, foundation stone of two mega food parks are being developed by Kerala Industrial Infrastructure Development Corporation (KINFRA) at Palakkad and other by Kerala State Industrial Development Corporation (KSIDC) at Alappuzha has been laid today," a statement from the ministry of food processing said today.

The foundation stone for the food park being developed by KSIDC at Alappuzha was laid by Chief Minister of Kerala Pinarayi Vijayan, it said. This is being set up on 68.18 acre of land at the cost of Rs 129.15 crore.

"Government of India is providing financial assistance of Rs 50 crore to each of the projects," the statement added.

Each of the mega food parks will leverage an additional investment of about Rs 250 crore in 25-30 food processing units in the park and generate a turnover of about Rs 450-500 crore annually, Badal said.

"Each of the Parks will also provide direct and indirect employment to 5,000 people and benefit about 25,000 farmers in the Central Processing Centre (CPC) and Primary Processing Centres (PPC) catchment areas," the statement added.

Minister for Food Processing Industries said that the modern infrastructure for food processing created at the food parks will benefit the farmers, growers, processors and consumers of Kerala and prove to be a big boost to the growth of the food processing sector in Kerala.


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INTERNATIONAL NEWS
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