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Patna,(BiharTimes): The state cabinet on Thursday gave its approval for setting up two integrated value chains (IVCs) or agriculture marketing hubs––one each in Nalanda and Muzaffarpur districts. They would be set up under the Agri Business Infrastructure Development Investment Programme of the central government.
They would involve an investment of Rs 374.75 crore in Private Public Partnership (PPP) mode. |
According to principal secretary Cabinet Coordination, Ravi Kant, the two AMHs would cater to the agricultural activities in 11 districts. The one in Nalanda would be the core centre for six districts of Nalanda, Patna, Gaya, Bhojpur, Buxar and Rohtas while the AMH in Muzaffarpur would serve Muzaffarpur, Vaishali, Darbhanga, Samastipur and Begusarai districts.
The two AMHs have nothing to do with food processing, which is entirely another sector.
He said the AMH is aimed at creating a infrastructure facility for marketing of agri produce (fruits, vegetables, etc.) and would consist of facilities like cold chain, warehouse, among others.
He said the investors would identify their own land for the purpose. Of the Rs 374.75 crore to be invested in the project, the investor's share is Rs 201.53 crore and the state government's share is Rs 173.22 crore. The government, on its part, would raise 80% of its share or Rs 138.58 crore through loan from the Asian Development Bank (ADB) while the remaining share of Rs 34.64 crore would be raised from its own resources.
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