Odisha to bear 20% cost for mega food parks, but aid capped at Rs 150 mn

The Odisha government has set a target to attract an investment of Rs 198 billion in food processing by 2025

In a major boost to the food processing sector in Odisha, the state government has announced a financial assistance of up to 20 per cent of the project cost for mega food parks and seafood parks.

The promised assistance would exclude the land cost and is capped at Rs 150 million. The sops would be provided to special purpose vehicles (SPVs) and implementing agencies approved by the Centre under the Mega Food Park scheme.

However, the assistance from all sources for a particular project would not exceed 75 per cent of the project cost.

In a notification of the state