April 6, 2019
In a row after Fazilka and Ludhiana, a third mega food park will set off at Phagwara in Punjab which will be operational in October this year. The Park has an investment of around Rs. 125 crore giving a further boost to the food processing industry in Punjab. All the three parks when fully functional will contribute to the welfare of the farmers and play a pivotal promoting crop rotation and diversification.
With an investment of Rs.140cr at Fazilka, set up by International Mega Food Park Ltd and second food park in Ludhiana set up by Punjab Agro Industries Corporation with an investment of Rs. 120 crore, is partially operational at the moment. Along with investment in the food processing sector these parks will provide benefit to the farmers of the northern region of India.
“The upcoming food park is in construction phase and is expected to be commissioned by October this year. It will promote the food processing industry by creating high quality processing infrastructure and will facilitate the creation of efficient supply chain and direct procurement from farmers, resulting in better realization to farmers,” said Bhavdeep Sardana, CEO, Sukhjit Starch & Chemicals Ltd.
Sardana added that the company is in process of erecting a maize-processing facility with a daily grinding capacity of 600 tons/day, involving an additional investment of Rs. 150 crore in the mega food park. This whole set-up will create huge demand of maize and will develop the eco-agricultural system of the state. With the crop diversification this effort of maize mill will supplement the state’s efforts in breaking wheat-paddy rotation.
Along with Food Park underway, it also promises better infrastructure such as roads, electricity, power, sorting, grading, cleaning yards, silos, dry storage facilities, cold store, deep freezers, and steam generating units, captive power plant, water treatment plant and laboratories.
The food park by Punjab Agro Industries at Ludhiana, has by now has attracted investment of around Rs. 130 crore by Godrej Tyson, Meat Masters and Iscon Balaji. According to the sources besides these three companies, two more companies have agreed to invest around Rs. 50 crore at Ludhiana Food Park. The investing companies are in ready-to-eat category and confectionery sector.
Punjab being a fruit and vegetable basket of the country it becomes critical to tackle agricultural production and constant price fluctuation affecting farmers’ income and life.