India sanctions 134 food processing projects during the pandemic: Minister

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The Centre sanctioned 134 food processing projects across various states last year despite the COVID-19 pandemic and is committed to the growth of the sector, Union Minister Rameswar Teli said. Minister of State for Food Processing Industries Rameswar Teli participated in the fourth-edition of Emerging North East event on Friday in Guwahati. The event was […]

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India approves Rs 107.42 crore grant for 28 food processing projects

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The Indian government approved a grant of Rs 107.42 crore for implementing 28 food processing projects spread over 10 states that are likely to generate jobs for nearly 10,000 people.  A decision in this regard was taken in the virtual meeting of the Inter-Ministerial Approval Committee (IMAC) chaired by Food Processing Industries Minister Narendra Singh […]

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India approves $27 billion production-linked incentives for 10 manufacturing sectors, including food

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India’s cabinet on Wednesday announced a production-linked incentive (PLI) programme worth Rs 2 lakh crore ($27 billion) for as many as 10 sectors, including food processing, with the aim of establishing the country as manufacturing hub. “The scheme will make Indian manufacturers globally competitive, attract investment and enhance exports, said Prakash Javadekar, minister for human […]

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India sets up a committee to implement “One Cluster, One District” for agriculture sector

The government of India will soon form a committee to implement “one cluster, one district” scheme aimed at encouraging farmers to adopt the most suitable crop in their district that will help them realise better prices with increased scale. The committee, with representation from other related departments, will closely work with states to ensure all […]

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New opportunities opening up in India’s food processing sector: minister

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Union Food Processing Industry  minister (MoFPI), Ms Harsimrat Kaur Badal,  launched the Food Processing Edition of the Exclusive Investment Forum by Invest India, the National Investment Promotion & Facilitation Agency of the Government of India today. Invest India has designed this forum of unique sectoral series to conduct detailed conversations between global industry leaders and […]

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India’s latest budgetary provision for bamboos could have a bigger agenda: could bamboo fibre replace cotton in cloth production?

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Calling bamboo “Green Gold”, India’s Finance Minister Arun Jaitley last week allocated a whopping Rs 1,290 crore in his annual budget for promoting the sector, raising hopes that the move would boost bamboo-based industries – from food processing to construction and even cloth. The northeast part of India bordering China grows 67% of India’s bamboo […]

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India attracted $6.4 billion in FDI in food processing in the past seven years – government

India’s booming food processing sector attracted $6.5 billion in foreign direct investments (FDI) during 2010-11 to 2016-17, a government statement said. FDI) in food processing industries is allowed through automatic route subject to applicable laws/sectoral rules/ regulations/ security conditions.  “As per the latest Annual Survey of Industries (ASI) conducted by Central Statistics Office, Ministry of Statistics […]

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