Jharkhand: Following no progress, bank to put Mega Food Park for auction

Jharkhand: Following no progress in MFP, banks to put Getalsud Mega Food Park for auction

Mega Food Park in Getalsud, Ranchi is at the verge of getting shut and likely to be put up for auction, as banks have sought to take possession over Jharkhand Mega Food Park Pvt Ltd. Banks claimed that even after years of MFP’s inauguration, no unit could be opened or could work properly, incurring high amounts of loss, due to which, it needs to be shut now.

Jharkhand Mega Food Park was the first MFP assignment in the state, which was inaugurated at Getalsud village in Ranchi district two years back on 15 July 2016, by Union Miniter of Food Processing Industries Harsimrat Kaur Badal. It was set up as a public private partnership (PPP) project, aiming to facilitate multi chamber cold storage, dry warehouse, vegetable dehydration line, modern quality control and testing laboratory and other processing facilities for fruits and vegetables.

MFP was expected to create a modern infrastructure for arresting post-harvest losses of horticultural and non-horticultural produce and provide impetus to the growth of food processing sector in Jharkhand.

Further, MFP had vowed to provide better prices to farmers, reduce wastage of perishables, add value to agricultural produce and create huge opportunities for entrepreneurship and employment for the youth of the State.

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However, the present situation revealed that not even a single unit has started over the years. Expensive machines have rotten to extent that many bushes have possessed the complex. Ten to twelve machines, including Warehouse, Cold Storage, and Power Sub Station have become out of order. There are only 12 employees, and even then, their salaries for the last eight months have not been paid.

Since management had failed to pay back the levied amount of Rs 40 crore to Allahabad Bank, Mega Food Park Limited was given notice under the Sarfaces Act.

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