Karnataka's Innova Food Park to Develop Major Agriculture Export Hub Near Noida Airport
In a significant boost to Uttar Pradesh's agricultural infrastructure, Karnataka-based Innova Food Park is set to establish a comprehensive 30-acre agriculture export hub in Sector 24A of Yamuna City. This strategic location places the facility in close proximity to the upcoming Noida International Airport, creating optimal conditions for both domestic distribution and international export operations.
Integrated Processing Facility for Agricultural Produce
The new facility will function as an integrated food park specifically designed for processing, testing, grading, and packaging various agricultural products. The comprehensive operation will handle a diverse range of produce including:
- Fresh fruits and vegetables
- Multiple grain varieties
- Other agricultural commodities
This integrated approach aims to streamline the entire supply chain from farm to market, ensuring quality control and efficient handling throughout the process.
Strategic Location and Infrastructure Advantages
Ravindra Kumar, principal secretary of the Uttar Pradesh agriculture department, recently led a delegation including company representatives to inspect the proposed site at Yamuna City. During the visit, officials were shown the specific plot location and received detailed briefings about the area's existing and planned infrastructure.
The location offers exceptional connectivity advantages including:
- Direct road access to major transportation networks
- Rail connectivity for efficient inland distribution
- Proximity to the Noida International Airport's cargo terminal
The airport's nearby cargo terminal will enable direct exports of agricultural produce to international markets, significantly reducing transit times and improving product freshness for overseas consumers.
Project Background and Funding Structure
This export hub, which is headquartered in Karnataka's Kolar district, forms an integral component of the Agriculture Growth and Rural Enterprise Ecosystem Strengthening Project. This ambitious initiative receives substantial backing from both the World Bank and the Uttar Pradesh government.
The project achieved a significant milestone when it received state cabinet approval in July of last year, following a comprehensive review conducted by World Bank officials. The funding structure for this initiative follows a carefully balanced approach with the World Bank contributing 70% of the required funds while the Uttar Pradesh government provides the remaining 30%.
Comprehensive Incentive Package for Development
Officials have confirmed that the project will qualify for substantial incentives under Uttar Pradesh's FDI/FCI and Fortune 500 Companies Investment Promotion Policy of 2023. This comprehensive incentive package includes several significant benefits:
- A substantial 75% front-end land subsidy to reduce initial development costs
- Complete exemption from stamp duty requirements
- A 50% capital subsidy directly linked to the promoter's investment level
- A two-year exemption from electricity duty charges
These incentives will be funded through the state coordination department's allocated budget, ensuring their availability and implementation. The combination of these benefits creates a highly favorable environment for the project's development and long-term success.
Expected Impact on Regional Agriculture
State officials emphasize that this project will significantly strengthen agricultural processing and export infrastructure across western Uttar Pradesh. The development is expected to benefit farmers across multiple districts in the region by providing:
- Improved market access for their agricultural produce
- Enhanced processing capabilities that add value to their crops
- Direct connections to international export markets
- Better price realization through quality grading and packaging
This initiative represents a strategic investment in Uttar Pradesh's agricultural sector, combining international funding support with state government incentives to create a modern, efficient export infrastructure that will serve farmers and consumers alike.
