First Mega Food Park in Telangana

The mega food park scheme is a plan of the Union Ministry of Food Processing in India. It is fully intent on laying out an immediate linkage from farmer to handling and afterward to shopper markets through an organisation of assortment focuses and essential handling habitats. The first mega food park in Telangana is located at Lakkampally village in Nandipet Mandal of  Nizamabad district. The features of the mega food park scheme in Telangana are outstanding as compared to others. The mega food park in Telangana has a great objective and scheme. There are many other mega food parks in India.

About Mega Food Park In Telangana

In Telangana, the first mega food park was established on 78 acres of land. The name of this mega food park is smart agro mega food park. This mega food park is giving immediate and aberrant work potential to open doors to 50,000 youth, and the advantage of one lakh farmers is assessed. The main features of the mega food park scheme is that an extra venture of about ₹250 crore will be created with the setting up of 22 food handling units in the recreation area, producing a turnover of about ₹14,000 crore. The reason for the establishment of a mega food park in Lakkampally village is to make current infrastructure facilities for food handling along esteem fasten from ranch to showcase through bunch based approach with solid forward and in reverse linkages. The mega food park regularly comprises a store network framework including assortment focuses, essential handling places, focal handling habitats, cold chain and around 25-30 completely evolved plots for business people to set up food handling units. The mega food park project is executed by a Special Purpose Vehicle which is a Body Corporate enlisted under the companies Act. State government entities and cooperatives are not expected to frame a different Special Purpose Vehicle for execution of mega food park projects. Depending upon satisfaction of the states of the Plan Rules, the assets are delivered to the Special Purpose Vehicles.

About Mega Food Park Scheme In Telangana

Mega food park in Telangana was implemented by the Union Ministry of Food Processing Industries and inaugurated by  Union Minister Harsimrat Kaur Badal to give a significant lift to the food handling area by adding worth and diminishing food wastage at each phase of the store network with a specific spotlight on perishables. The mega food park scheme depends on a cluster approach and imagines making of the condition of craftsmanship support foundation in a clear cut agri/horticultural zone for setting up of current food handling units in the modern plots given in the recreation area deep rooted store network. Projects under the mega food park scheme have been converged under Union Ministry of Food Processing’s extensive leader plan Pradhan Mantri Kisan Sampada Yojana. The grant-in-help under the scheme is delivered in four portions of 30%, 30%, 20% and 20%, depending upon other scheme parameters.

Special Purpose Vehicle (SPV)

A Special Purpose Vehicle will be a Body Corporate enrolled under the companies Act. State Government/State Government elements/cooperatives aiming to set up mega food park tasks will be absolved from the state of framing SPV. The joint total asset of the SPV ought not be less than Rs. 50 crore. Every part in SPV ought to have a base total assets of 1.5 seasons of its proposed value commitment in SPV. The Anchor Financial backer in the SPV holding greater part stake, despite everything other promoters of the SPV, will be expected to set up something like one food handling unit in the recreation area with a speculation of at least Rs. 10 crore, with least 51% stake in the unit. Central Government organisations becoming investors in the SPV can hold up to 26 percent of value in the SPV. No such limitation is there on state government entities/Cooperatives.

The properly enlisted SPV having ownership of at least 50 acres of land alongside authorization for Change in Land Use will as needs be granted the most extreme marks for rule relating to ownership of land. Be that as it may, the ownership of land will be discovered distinctly on premise of enlisted Deal Deed/Rent Deed and pertinent records connected with CLU status. In the event of land allocated by the state government, ownership of land will be learned on premise of rent deed or ownership authentication given by the concerned branch of state government. In the above case, the joint total assets of SPV will be determined by thinking about the total assets of individual promoters in the SPV. 

Conclusion

The mega food park scheme is a type of bunch put together methodology with respect to Centre point and talked model that targets bringing ranchers, retailers, and rancher processes together by connecting agricultural products to the market. Business visionaries searching for completely created modern plots to arrange food handling Units and profit other related administrations might contact promoters of any of the mega food parks operating in India. Financial assistance up to 50 crore rupees is provided by the central government to per mega food park scheme. So the mega food park scheme is a significant milestone for the government of India.