date:Aug 13, 2013
The Cabinet Committee on Economic Affairs (CCEA) in India has approved the establishment of 12 new Mega Food Park projects that have been already appraised.
CCEA has approved the projects as per 11th Plan pattern of assistance that will provide capital grant at the rate of 50% of the eligible project cost in general areas and at the rate of 75% of eligible project cost in difficult and hilly areas.
The government is expected to invest around INR100m ($1.65m) in each project, while each project