MoFPI has approved a total of 40 mega food park projects in as many as 23 states which are in various stages of implementation. The Centre missive to the state comes after the revision of the existing guidelines. “Based on the experience in project implementation and feedback from various stakeholders , the existing guidelines have been revised by the ministry,” J P Meena, additional secretary, MoFPI, wrote to Chief Secretary, Jugal Kishore Mohapatra. Under the revised guidelines, the state governments/state government entities/cooperatives have been allowed to take up mega food park projects without the requirement of forming a Special Purpose Vehicle (SPV) and are exempted from setting up a processing unit in the park. The ministry, which is implementing mega food park scheme to develop modern infrastructure facilities for setting up of food processing industries on cluster basis, has already invited fresh expression of interest (EoI) as per the amended guidelines.
“State government/state government entities/cooperatives may take advantage of this opportunity of developing Mega Food Park under the scheme and submit proposal of EoI within the prescribed date (April 30),” Meena added.
In the state, two mega food parks - Huma Coastal Mega Food Park in Ganjam district and MITS Mega Food Park at Rayagada were approved by the ministry.
However, the in-principle approval of Huma Coastal Mega Food Park has been canceled on the ground of delay in complying with the requirement of Special Purpose Vehicle (SPV) for this project and the state government has urged the Centre to reconsider the decision.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)