After cancelling the in-principle nod for the Huma Coastal Mega Food Park at Ganjam, the Union ministry of food processing industries (MoFPI) has urged the Odisha government to apply for the project afresh against the expression of interest (EoI) invited for the new Mega Food Parks.
Huma Coastal Mega Food Park was awarded in-principle approval for setting up the mega food park in Ganjam district under MoFPI's Mega Food Parks Scheme in September 2012.
However, despite several extension in deadlines, the Special Purpose Vehicle (SPV) formed for setting up the park, was unable to meet the prescribed condition of final approval.
The last date for submission of EoI is April 30.In the state, two mega food parks - Huma Coastal Mega Food Park in Ganjam district and MITS Mega Food Park at Rayagada were approved by the ministry.
The move from the Centre comes after the state government sought more time from the Centre SPV to comply with the requirements.
The mega food park in south Odisha is being implemented by an SPV called Huma Coastal Mega Food Park Ltd. Five individual promoters had committed an investment of Rs 125 crore to develop basic infrastructure on a 100-acre plot. The park promised an investment potential of Rs 200 crore from food processing units.
As per a decision taken at a meeting chaired by the Odisha chief secretary in November last year, the SPV was instructed to comply fully on the remaining points to achieve final sanction of the Government of India.
The formalities included registration of the lease agreement with the SPV for the land and final sanction and appraisal from a financial institution. "The SPV has already signed a lease agreement with the land owners for 62 acres of land. The registration for the same is pending due to amendments to the Odisha Food Processing Policy to be notified by the state government. The SPV has also undertaken to register the lease at their own expense in case of an inordinate delay in amendment of the same", the state government had written to the Centre urging not to cancel it.
Regarding financial appraisal, the SPV has taken up the proposal with Small Industries Development Bank of India (Sidbi) and UCO Bank for funding which is under progress.
Meanwhile the state MSME (micro, small & medium enterprises) department has urged the Director of the SPV to take immediate follow up action on the matter.
Huma Coastal Mega Food Park was awarded in-principle approval for setting up the mega food park in Ganjam district under MoFPI's Mega Food Parks Scheme in September 2012.
However, despite several extension in deadlines, the Special Purpose Vehicle (SPV) formed for setting up the park, was unable to meet the prescribed condition of final approval.
More From This Section
"You would agree that such important infrastructure projects must be implemented within the time prescribed. However, in view of the efforts made by the SPV on developing the backward linkages with the farmers, the SPV may consider applying for the project afresh against the EOI invited for the new Mega Food Parks", JP Meena, additional secretary, MoFPI wrote to Jugal Kishore Mohapatra, Odisha Chief secretary.
The last date for submission of EoI is April 30.In the state, two mega food parks - Huma Coastal Mega Food Park in Ganjam district and MITS Mega Food Park at Rayagada were approved by the ministry.
The move from the Centre comes after the state government sought more time from the Centre SPV to comply with the requirements.
The mega food park in south Odisha is being implemented by an SPV called Huma Coastal Mega Food Park Ltd. Five individual promoters had committed an investment of Rs 125 crore to develop basic infrastructure on a 100-acre plot. The park promised an investment potential of Rs 200 crore from food processing units.
As per a decision taken at a meeting chaired by the Odisha chief secretary in November last year, the SPV was instructed to comply fully on the remaining points to achieve final sanction of the Government of India.
The formalities included registration of the lease agreement with the SPV for the land and final sanction and appraisal from a financial institution. "The SPV has already signed a lease agreement with the land owners for 62 acres of land. The registration for the same is pending due to amendments to the Odisha Food Processing Policy to be notified by the state government. The SPV has also undertaken to register the lease at their own expense in case of an inordinate delay in amendment of the same", the state government had written to the Centre urging not to cancel it.
Regarding financial appraisal, the SPV has taken up the proposal with Small Industries Development Bank of India (Sidbi) and UCO Bank for funding which is under progress.
Meanwhile the state MSME (micro, small & medium enterprises) department has urged the Director of the SPV to take immediate follow up action on the matter.