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India draws Food Map to steer its food processing industry, exports
The Dollar Business Bureau Value addition in fruits and vegetables in India stands at around 2%, and wastage is as high as 18% India’s Ministry of Food Processing Industries has released the much awaited Food Map of India, a database which will be used to develop a Food Grid and to implement a slew of measures the government is planning to transform the growing food processing sector in India. India is already a leader in several food exports, including agricultural products, seafood, spices, and meat. However, experts say that there is immense growth potential for processed food exports by India considering that value-addition in Food Processing in India stands at a mere 2%. Moreover, lack of processing and marketing means ...
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India focuses on food processing sector to bolster growth, exports
The Dollar Business Bureau | @TheDollarBiz India plans to use food processing industry as a buffer against imports of essential items during shortage Only about 2% of India’s fruits and vegetables are processed and improving this could boost India’s food exports and solve a plethora of problems faced by the Indian economy, according to Harsimrat Kaur Badal, Minister for Food Processing Industries (MoFPI). Speaking at a press conference in New Delhi today, Badal said that the government is planning to give a major push to India’s food processing industry which is growing at a rate of around 8.4%, compared to 6.6% growth in manufacturing and 3.3% in agriculture, the mainstays of Indian economy. Badal said that encouraging food processing could generate ...