GUWAHATI, June 17 � The North East Mega Food Park, currently under construction at Nathkuchi near Guwahati, will be operational within two years.
The state-of-the-art project � conceived under Vision 2015 of the Ministry of Food Processing Industries � will have 27 food processing units spread over 50 acres of land with a collective investment of Rs 250 crore which is expected to yield an annual turnover of Rs 400-500 crore.
Ozone Group, a leading pharmaceutical and consumer health-care company, has joined hands with the State Government to facilitate the setting up of the park in a public-private PPP model.
Addressing a press conference, SC Sehgal, chairman of Ozone Group, said that the park would not just create a platform for the farmers to take care of their produce under one roof for collection but would also boost the region�s food processing industry in a big way.
�The park will arrest wastage of farm produce, and ensure a ready customer for the farmer and quality raw material for the industry. The venture is in line with the Ministry of Food Processing Industries� Vision 2015 which aims at increasing the processing of perishables from the current 6 per cent to 20 per cent, value addition from the current 20 per cent to 35 per cent, and at increasing India�s share in the global food trade from the current 1.5 per cent to 3 per cent,� he said.
The park will provide a three-tier sophisticated infrastructure for food processing and a sustainable supply chain solution for reducing wastage and ensuing value-addition, especially in perishables like fruits and vegetables. The major components of the park would include collection centres, primary processing centres and cold chain infrastructure.
The mega food park is expected to generate employment for about 3,000 people in the North-east.
AK Absar Hazarika, director (operations) of North East Mega Food Park Ltd., said that the project was based on an inclusive concept which was aimed at establishing direct linkage from the farm to processing and on to the consumer markets through a network of collection centres and primary processing centres. �Efficient logistics facilities will connect the collection centres to the primary processing centres, which in turn, will be connected to a central processing centre,� Hazarika said.
The Assam Industrial Development Corporation Ltd and the Assam Small Industrial Development Corporation Ltd � two State government undertakings � have 24 per cent and 1 per cent share respectively in the venture as promoters. Ozone Ayurvedics (48 per cent), LMJ International Ltd (22 per cent) and Rajsekhar Constructions Pvt Ltd (5 per cent) are the other promoters.
Construction work on the park had begun two years back and would be completed within another year.