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Two mega food parks to come up in Kerala at an outlay of Rs 250 crore

Two mega food parks to come up in Kerala at an outlay of Rs 250 crore

KOCHI: Kerala will witness the launch of two mega food parks (MFP) with a total outlay of nearly Rs 250 crore on June 11.

The MFP at Alappuzha focusing on seafood will be set up with an outlay of Rs 130 crore by Kerala State Industrial Development Corporation (KSIDC) at the industrial growth centre in Cherthala. The MFP at Palakkad will come up at an investment of Rs 119 crore in the industrial park of Kerala Industrial Infrastructure Development Corporation (Kinfra) at Kanjikode

The total outlay of Alappuzha park will comprise an equity contribution of KSIDC worth Rs70 crore, a grant of Rs 50 crore from the Ministry of Food Processing Industries (MoFPI) and a term loan of Rs 10 crore. MFP established over 65 acres will be a location for processing a variety of food products, particularly seafood products.

KSIDC will create the basic enabling infrastructure at the MFP and also set up pre-processing centres (PPC) at 3 locations at Thoppumpady, Vypeen and Munambam. Two other locations at Neendakara and Aroor will be treated as Collection Centres.

Already 33 companies have approached KSIDC for this kind of food processing units in which 19 of them got the approval by allowing 33 acres of land for the units. The major seafood processing industries in Kerala has already started their construction in the allotted land.

The Kinfra park at Palakkad will be spread over 79.42 acres. The outlay consists of Rs 50 crore grant from the Centre, Rs 40.68 crore from the state government and a Nabard loan of Rs 28.34 crore. Around 50 units are expected to come up in the park.

As part of the project primary processing centres will be set up at Wayanad, Kozhikode, malappuram and Thrissur. The park will provide employment to 4500 directly and to 12,000 indirectly. It is expected to help 2.5 lakh farmers by ensuring good prices and value addition of food products.

Union Minister for Food Processing Industries, Harsimrat Kaur Badal and Kerala chief minister Pinarayi Vijayan will jointly lay the foundation stone of the projects.

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