ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

Andhra Pradesh, Maharashtra, and Punjab lead in Mega Food Park projects under PMKSY

The Ministry of Food Processing Industries (MoFPI) has been steering the MFP Scheme to establish modern infrastructure aimed at bridging the gap between farm produce and market demand.

ANI Dec 10, 2024 11:59 IST googleads

Representative Image (Photo source: https://www.mofpi.gov.in/)

New Delhi [India], December 10 (ANI): Andhra Pradesh, Maharashtra, and Punjab have taken the lead in implementing the Mega Food Park (MFP) Scheme under the Pradhan Mantri Kisan Sampada Yojana (PMKSY), according to data presented in the Rajya Sabha on Tuesday.
According to the Ministry of Food Processing Industries, these states boast the highest number of approved projects (3 each) under the initiative, reflecting their significant progress in developing food processing infrastructure.
The Ministry of Food Processing Industries (MoFPI) has been steering the MFP Scheme to establish modern infrastructure aimed at bridging the gap between farm produce and market demand.
The scheme, operational until March 31, 2021, has since been discontinued, with the government continuing to support ongoing projects under committed liabilities.
Union Minister of State for Food Processing Industries, Ravneet Singh Bhittu, in a written reply to the Rajya Sabha, provided details about the state-wise implementation of the scheme.
In addition to the MFP Scheme's progress, the minister shared data on Foreign Direct Investment (FDI) inflows into the food processing industry.
The sector received USD 895.34 million in FDI during 2022-23, which declined to USD 608.31 million in 2023-24.
Despite the drop, the FDI inflow underscores the growing interest of global investors in India's food processing potential.
The MoFPI's efforts under PMKSY have been instrumental in fostering regional economic growth and strengthening India's agricultural value chain.
By creating state-of-the-art food parks, the initiative has supported farmers, boosted investment, and enhanced supply chain efficiencies.
The Mega Food Park Scheme is designed to connect agricultural production with markets, integrating farmers, processors, and retailers to maximize value addition, reduce wastage, boost farmers' incomes, and generate employment, particularly in rural areas.
The scheme follows a "cluster" approach, focusing on the development of state-of-the-art infrastructure within a clearly defined agricultural or horticultural zone.
This infrastructure supports the establishment of modern food processing units on industrial plots within the park, ensuring a seamless and well-organized supply chain.
Each Mega Food Park comprises essential supply chain infrastructure, including collection centres, primary processing centres, central processing centres, cold storage facilities, and approximately 25-30 fully developed plots for entrepreneurs to set up their food processing units.
This integrated framework ensures efficient processing, storage, and transportation of agricultural produce, enhancing the sector's overall efficiency.
Currently, 24 Mega Food Parks are operational across the country, contributing significantly to the food processing industry. (ANI)

Get the App

What to Read Next

Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

Govt Urges Citizens to Avoid Panic Booking

Govt Urges Citizens to Avoid Panic Booking

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Read More
Business

India Emerging as Stable Investment Anchor in Turbulent Global

India Emerging as Stable Investment Anchor in Turbulent Global

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

Read More
Business

India pushes for green ship recycling, euro-compliant yards

India pushes for green ship recycling, euro-compliant yards

India is rapidly expanding its ship recycling sector and upgrading shipbreaking yards to meet European environmental standards, as part of a broader effort to strengthen its maritime industry and reduce logistics costs, Sushant Kumar Purohit, Chairperson of VO Chidambaranar Port Authority, said today.

Read More
Business

Sarbabharatiya Sangeet O Sanskriti Parishad Convenes 48th Annual

Sarbabharatiya Sangeet O Sanskriti Parishad Convenes 48th Annual

Kolkata (West Bengal) [India], March 12: Sarbabharatiya Sangeet O Sanskriti Parishad officially commenced its 48th Annual Convocation yesterday, March 11, at the historic Mahajati Sadan, Kolkata. The three-day event, running from March 11 to 13, celebrates the institution's legacy of cultural service and its mission to bridge traditional heritage with a modernized future.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.