BANGALORE: The Union Ministry of Commerce is working out the modalities of creating a fund, as a one-time measure, to help revive the sick floriculture units in the country.
This was announced at the inauguration of the international flower auction centre in Bangalore on Thursday by Union Commerce Minister Kamal Nath.
Agricultural Processed Food Products Export Development Authority (APEDA) chairman K.S. Money told The Hindu that fund would be around Rs. 40 crore. It would help revive sick units and also subsidise the transport of flowers.
According to a survey by APEDA, the country had 39 sick floriculture units.