Food Processing Current Affairs - 2019

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Food Processing Scheme: 271 crores cleared by IMAC

The Inter-Ministerial Approval Committee chaired by Minister of Food Processing Shri Harsimrat Kaur has sanctioned Rs 271 crores for the CEFPPC scheme (Creation/Expansion of Food Processing and Preservation Capacities) scheme.

Highlights

The focus was given to projects that emphasized on linking agriculture and marketing food processing technologies. During allocation, startups were given priorities according to the sources of Ministry of Food Processing. Also, the projects were examined based on project cost, means of finance to avoid bankruptcy in the future.

Significance

The aim of the scheme is to create direct employment that will help in achieving India’s goal of doubling farmers income by 2022. It expected that the project would create 9000 employment.

It will also aid in implementing PM Krishi Sampada Yojana (PMKSY). The PMKSY aims at developing agro-processing Clusters and agro-marine processing units. Under the scheme, subsidies are provided in terms of grants-in-aid that ranges between 35% and 75% according to the project.

PMKSY is being implemented by the Ministry of Food Processing. It will work on implementing mega food parks, value-addition infrastructure, creation of backward and forward linkages, food safety and quality infrastructure.

First Mega Food Park of Tripura Inaugurated

Union Minister of State for Food Processing Industries Sadhvi Niranjan Jyoti inaugurated Sikaria Mega Food Park Pvt Ltd at Village Tulakona in Agartala. This is the 17th Mega Food Park in the country and first in the state of Tripura.

Highlights about the Mega Food Park of Tripura

  • The Mega Food Park has been set up in 50 acres of land at the cost of Rs. 87.45 crore.
  • The food park is having facilities of fully operational Dry warehouse and material handling of 5000 MT, Pineapple canning and Pulping line of 2 MT/Hr each, Packing Unit, Ripening Chambers of 40 TPD, Cold Storage of 5000 MT with Frozen Storage of 1000 MT, Quality Control, Research & Development Centre.
  • The Mega Food Park also has fully developed Industrial plots for setting up processing units and Standard Design Factory (SDF) Sheds to provide ready to move in the facility for micro and small enterprises.
  • The Mega Food Park will leverage an additional investment of about Rs. 250 crores in 25-30 food processing units in the park and generate a turnover of about Rs. 450-500 Crore annually.
  • The Park will also provide direct and indirect employment to 5000 people and benefit about 25000 farmers.

Mega Food Park Scheme

The Mega Food Park scheme was initiated in 2008. These mega food parks create modern infrastructure facilities for food processing along the value chain from farm to market along with strong forward and backward linkages through a cluster-based approach.

The Ministry of Food Processing is implementing Mega Food Park Scheme to give a major boost to the food processing sector by adding value and reducing food wastage at each stage of the supply chain with a particular focus on perishables. The government of India provides financial assistance up to Rs. 50.00 Crore per Mega Food Park project.