In a major development, Chordia Food Products announced that it has received an `in-principle` approval from Government of India (GoI), Ministry of Food Processing Industries, New Delhi for establishment of a mega food park at Shirwal in Maharashtra under the mega food parks scheme of the ministry.
Chordia Food is engaged in the manufacturing and marketing of high quality authentic and ethnic Indian processed foods including pickles, spice pastes, instant mixes, ketchup and sauces.
The said `in-principle` approval is subject to certain terms and conditions including but not limited to, submission of detailed project report, registration of the special purpose vehicle (SPV) under the companies act and execution of shareholders agreement between members of SPV etc, said the company in a statement to Bombay Stock Exchange.
A mega food park is meant to provide backward and forward linkages as well as reliable and sustainable supply chain. The cluster-based demand driven approach will provide linkages from farm to market with linkages from local to regional level through primary processing centres, collection centres, strategic distribution centre-cum-cold chain at critical locations – having controlled atmosphere storage and distribution centers where large quantities can be stored and supplied to distribution centers for fresh sale and to processing industries for processing.
The Union government in mid-2007 had announced setting up of thirty such mega food parks in different parts of the country.
— Shailesh Shah