Punjab approves mega food park in Ludhiana

May 28, 2014

Punjab government gave in-principle approval for establishing a Rs. 150-crore mega food park at Ladowal in Ludhiana to promote food processing industry in the state.
The Central Government’s scheme of Mega Food Park, which aims at providing a mechanism to link agricultural production to the market, provides for a one-time capital grant of 50% of the project cost, subject to a limit of Rs. 50 crore in general areas and 75% of the project cost, subject to a limit of Rs. 50 crore in difficult and hilly areas.
Mega Food Parks Scheme
This scheme was launched in the 10^th Plan as Scheme of Food Parks and was revised during the 11^th Plan period and was rechristened as Mega Food Parks Scheme (MFPS). The scheme was approved by the Union Government in September 2008.
Objectives of MFPS:

To accelerate growth of food processing industry in the country.
Enhance the processing of perishables in the country from the current 6% to 20%.
Raising value addition from existing 20% to 35%.
Increase India’s share in global food trade from 1.5% to 3% by year 2015.

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