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The Government proposes to set up 15 new mega food park projects under the infrastructure development scheme with a total grant of Rs 787.50 crore. This is in addition to the 15 on-going projects.
The Cabinet Committee on Economic Affairs on Tuesday approved the 15 mega food projects, which will create infrastructure that would enhance the efficiency of supply chain from farm gate to retail outlets.
These projects, which will create infrastructure for food processing, are expected to bring about substantial reduction in wastage, value addition, employment generation and increased income to farmers, a statement said.
The Government expects to invite Expressions of Interest (EOI) from prospective entrepreneurs for setting up such parks. Each park is expected to benefit some 6,000 farmers directly and will indirectly benefit 25,000 to 30,000 farmers.
Estimated investment in each project will be about Rs 100 crore in common facilities and will leverage an additional investment of Rs 250 crore, the Government said in a statement.
Each mega food park will generate about 40,000 direct and indirect jobs, the statement added.
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