Mega Food Parks | ||||||
During Eleventh Plan, Government approved taking up of 30 Mega Food Parks Projects in the country. All the 30 Mega Food Park projects have been approved by the Ministry of Food Processing Industries from the eligible proposals received against Expression of Interest for selection of projects.
The experience of the implementation of the scheme revealed that the following are the main issues being faced during implementation by the Mega Food Parks projects:
i. Acquiring of minimum 50 acre land with Change of Land Use for the project and obtaining State Government permission for subleasing the plots.
ii. Obtaining sanction of the term loan from the banks to fund the implementation of the project.
iii. Delays in getting necessary State Government statutory and other clearances.
iv. Public Sector Undertakings (PSUs) in the SPVs being unable to take a lead role in execution of the project due to private character of the SPV and capping of the participation of PSUs at 26% of the total equity.
v. Difficulty in finding participation of Food Processor in SPV with minimum of 26% equity with net worth of Rs. 10 crore.
vi. Lack of cohesiveness amongst the promoters in some of the projects leading to legal disputes and delay in contribution of equity in the SPV.
In the North Eastern Region, total three Mega Food Park projects have been approved by the Ministry during eleventh Plan in the States of Assam, Tripura and Sikkim.
|
Read,Write & Revise.Minimum reading & maximum learning
23 July 2014
MEGA FOOD PARK
Subscribe to:
Post Comments (Atom)
Featured post
UKPCS2012 FINAL RESULT SAMVEG IAS DEHRADUN
Heartfelt congratulations to all my dear student .this was outstanding performance .this was possible due to ...

-
mass ignorance One of the worst- kept secrets of the human resource development ministry is the fact that education in India is in a mess. ...
-
UKPCS 2016 MAINS TEST SERIES SCHEDULE. STARTING FROM 14th may (English & Hindi medium Separately ) EVERYONE HAS TO DO WRITING ...
-
HIMANSH It is India’s Remote and High-Altitude research Station opened recently in Himalaya. Key facts: It is Indian gove...
-
The assets under management of its National Pension System has crossed the one trillion mark in the first week of October. After ach...
-
India world’s largest recipient of remittances in 2015: World Bank India remained the world’s largest recipient of remittancesf...
-
India has taken the first step towards running a truly high speed train by opting for magnetic levitation (Maglev) technology under which ...
-
The need to look beyond the Pay Commission When more than 2.3 million people rushed to apply for just 368 positions for the job of a ...
-
The Supreme Court recently directed the government to have a re-look at the drug pricing policy to help make life-saving medicines aff...
-
The Indian Space Research Organisation (ISRO) is working on 4-D and 5-D imaging technology. Disclosing this after inaugurating the 6{+t...
No comments:
Post a Comment