The government has approved three Mega Food Park projects in Maharashtra to Wardha Mega Food Park Pvt Ltd in Wardha district, Paithan Mega Food Park Pvt Ltd in Aurangabad district and Satara Mega Food Park Pvt Ltd in Satara district. As per the scheme guidelines, the time schedule for completion of a project is 30 months from the date of issue of final approval unless extended by an Inter-Ministerial Approval Committee.
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Ultra-modern ´godowns´
Warehousing market is pegged at Rs 56,000 crore and is expected to grow annually at an average rate of 8 to 10 per cent over the next 5 years to reach a level of 1500 to 1600 million sq ft by 2020.
India offers immense potential for cold chain industry
Deepak Takkar, Senior Vice President & GM Cold Chain, India Emerson Climate Technologies (India) Limited, believes that an active role by the government will help the cold chain sector to grow in the country.