Institutional facilities for food processing industries in Karnataka Swadimath Uma C*, Dr. Raja M G Basava** *Research Scholar, Department of Studies in Economics & Co-operation, University of Mysore, Mysuru **Professor, Department of Economics, University of Mysore, Sir M Visvesvaraya P G Centre, Mandya Online published on 19 November, 2016. Abstract To achieve rapid industrial growth and to encourage the setting up of industries in a country, the support system in terms of finance, technology know-how, location and entrepreneurial skills are very indispensable and forms the responsibility of the Government. Setting up of industries though an economic objective, the need of the hour is providing employment opportunities. Food processing industry is an emerging industry which refers to the processing of raw agricultural products into food products that will retain the nutrients and flavor of the processed products available for consumption. Provision of employment is a crucial determinant for economic development as it reflects on the level of income and standard of living of the people. As food processing industry is a new and emerging industry, there is tremendous scope for employment. The Government of Karnataka has initiated Karnataka Udyog Mitra (KUM) to attract investment in setting up of food parks and food processing units in the state with the help of private participation as well. Therefore this paper is an attempt to understand the institutional framework provided by the Government to encourage this food industry and also is a study on the importance of food parks in the state of Karnataka. Top Keywords Food processing industry, Karnataka Udyog Mitra (KUM), food parks. Top |