Punjab to have 3rd mega food park at Phagwara
09 April 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.140 crore 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.
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 the ready-to-eat category and confectionery sector.