The Cabinet Committee on Economic Affairs on Thursday approved the setting up of five more mega food parks under the Infrastructure Development Scheme with a total grant of Rs.250 crore.
Ten projects are already being executed.
The scheme, approved by the government in 2008, aims to increase the processing of perishable foods from 6 to 20 per cent, value addition from 20 to 35 per cent and the share in global food trade from 1.5 to 3 per cent by 2015.
It also seeks to provide infrastructure for food processing industries along the value chain — from the farm to the market. Each park will have 30-40 food processing industries.