15 Mega Food Parks:India to set up 15 mega food parks

Mumbai, March 28 (IANS) The Indian government has approved funds for establishing 15 mega food parks across the country, an official said Monday.

Speaking at the two-day Food Forum 2011, Food Processing Secretary Ashok Sinha said: 'We are setting up 15 mega food parks initially out of the 30 planned during the 11th Plan. These parks can provide state of art infrastructure for food processing sector.'

'The central government has already approved Rs 50 crore worth grant for every park,' he added.

Sinha additionally expressed his concern over the critical food trouble the whole world is reeling under and the cost of produce due to lack of storage.

'India loses a extensive quantity of her harvested produce levels almost Rs.30,000 crore annually. This staggering loss is majorly meaning India's agri-business as well as agro-economy,' he said.

'It is essential, therefore, to craft alternative supply chains, that will link the farmer to the processing and marketing centers. The development of an integrated system of post harvest technology and cold chain management is inevitable,' he added.

Atul Singh, chairman Food Forum India, in his welcome address, highlighted the tremendous growth opportunities in the food industry as of expansion of the middle class and the youth population.

'India is a substantial market's success and with the adjust in buyer preferences, there will be a incredible demand for packaged food and beverages. Thus, innovation in the food sector needs to continue,' he said.