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 […]
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 […]
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 […]
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 […]
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 […]
Players in the food processing value chain got a shot in the arm as the government allowed them to keep stocks without any limits subject to their capacities and export orders. It also unveiled a clutch of schemes aimed at boosting the infrastructure facilities and logistics chains across the value chain from farm-gate to retailing […]
By Ritwik Sinha Jain Farm Fresh, a wholly owned subsidiary of farm equipment and solution major Jain Irrigation systems, plans to expand its orange processing business in the medium term after growing big with onions and mangoes. In the past over two decades, it has emerged as the largest player in the world in mango […]
By Ritwik Sinha The Indian meat industry is not getting the attention it deserves despite being an exporting powerhouse, a top industry player said while urging the government to include it under the food processing sector in line with global practices. “The most unfortunate thing is that it is not treated as part of the […]
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 […]
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 […]
