| 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 ...
-
उपस्थित सभी महानुभाव, मैं पीयूष जी और उनकी टीम को बधाई देता हूं कि उन्हों।ने बहुत बड़े पैमाने पर आगे बढ़ने के लिए निर्णय किया है और उसी क...
-
Later this month, the Geosynchronous Satellite Launch Vehicle (GSLV) Mark III is expected to lift off for the first time from India’s spac...
-
CU VCs must guide scholars and students achieve highest standards of academic brilliance, says President A two-day Conference of Vice Ch...
-
India’s learning deficit is worsening: ASER study In 14-18 years age group, only 43% able to do a simple division correctly, while 47% ...
-
The World Heritage Committee has inscribed the Great Himalayan National Park Conservation Area (GHNPCA), India, on the World Heritage Lis...
-
There’s nothing new about rural distress. Nor is it surprising. If the income of almost 70% of farm households is less than their consumpt...
-
About NPCIL Nuclear Power Corporation of India Limited (NPCIL), a Public Sector Enterprise under the administrative control of the Depa...
-
Ebola virus disease (EVD), formerly known as Ebola hemorrhagic fever, is a severe, often fatal illness in humans.EVD outbreaks have a case...
-
Even as India commits itself to move on the fast track of economic growth, it must be mindful of the need to invest in improving its soci...
-
Missing the grass for the trees in Western Ghats Drastic decline in shola grasslands in Palani Hill range Timber plantations, expanding...
No comments:
Post a Comment