Search Result for : Food Processing

The Dollar Business Bureau India’s food consumption is expected to reach $1 trillion by 2025 and the entire food value chain in the country offers immense opportunities for domestic as well as foreign investors, said President Ram Nath Kovind on Sunday. This is a sector having ‘huge business appetite’ and has potential for generating employment for the huge young population and women of India, the President said, while speaking at the World Food India 2017. He further said that by putting focus on food processing will not only help in cutting down ‘unacceptable level’ of wastage of food in the country but also help in doubling the income of farmers. “Food is culture but food is also commerce. ...

The Dollar Business Bureau The first meeting of the Japan-India Coordination Forum (JICF) for Development of North-Eastern Region was held at Delhi. This is a part of the Indo-Japan strategy to contain China’s marauding moves in the region. The JICF is being set up to focus on connectivity, road development, especially inter-State roads and major district roads, disaster management, food processing, organic farming, and tourism. The Secretary, Ministry of Development of North-Eastern Region (DoNER), Naveen Verma led the Indian side while the Japanese delegation was led by the Japanese Ambassador to India, Kenji Hiramatsu. Senior Officers of the Ministry of Home Affairs, External Affairs, Department of Economic Affairs, and line Ministries of Government of India including Road Transport & Highways, Agriculture, Power ...

Deepak KumarWhile India boasts of having the second largest arable land in the world, only behind the United States, with its diverse weather and climatic conditions and entrepreneurial spirited farmers; the domestic food industry continues to lag behind its true potential, registering just about a decent growth in terms of overall food production as well as exports. Several domestic phenomena, in particular, the unfavourable weather conditions for the last two years, coupled with the government’s old habit of overlooking farmers and its excessive reliance on imports have been key factors for a less-than-potential growth of the sector. The farmers have gradually started to abandon agriculture as an occupation and started to explore other options, as they find farming no ...

The Dollar Business Bureau  In order to keep its commitment to speed up the implementation of new proposals for investment, Odisha’s Single Window Clearance Authority (SLSWCLA) cleared projects worth around Rs.3,000 crore, in many sectors including steel, petrochemicals, hospitality and food processing that would help in generating employment opportunities for around 22,000 people.  The SLSWCLA headed by the State’s Chief Secretary A P Padhi recommended a proposal by navratna PSU, NLC India Ltd, for setting up a power plant to the high-level clearance authority chaired by Chief Minister Naveen Patnaik. NLC has submitted an investment proposal of Rs.11,783 crore for establishing a power plant in the Jharsuguda district.  “Most of the projects were committed by companies in the recently concluded ‘Make in Odisha’ conclave while two ...

The Dollar Business Bureau  In order to attract more foreign investment into the country, the government is considering to relax the sectoral restrictions in sectors such as retail trading for international players. The ministry of commerce and industry is likely to have discussions regarding sector specific issues with the concerned departments and ministries, according to some sources. In the retail trading segment, there are a few clauses in Legal Metrology (Packaged Commodities) Rules, 2011, which are hampering foreign investments in the sector, they said. According to these norms, mentioning maximum retail price (MRP) on all the items is mandatory and re-labeling of products is also not permitted as it comes under the manufacturing definition. On imported products, MRP can only be fixed in a ...

The Dollar Business Bureau  Poland on Friday sought collaboration with India in the latter’s agriculture and food processing sectors. Poland’s Ambassador to India Tomasz Lubaszuk said his country looks forward to augment ties with India, especially in agriculture and food processing sectors. He also said that the Polish embassy lends support to Indian businesses to establish them in Poland and vice-versa. India’s bilateral trade with Poland has surged almost 7-fold over the last 10 years to reach $2.2 billion in 2015-16. “India has invested $3 billion in Poland, making it one of the most important countries to engage in business. We have the expertise to handle 95% of our food processing requirements, while India only handles 10%, which holds scope for Polish collaboration in ...

The Dollar Business BureauGlobal retail giant Walmart is eyeing India’s food processing industry following the government’s decision to relax foreign investment rules. "Walmart is showing a lot of interest. Now we are hoping that they will come on their own and will add to the growth story of this country," Food Processing Secretary A K Srivastava said. Indicating the sudden impact of relaxing norms, Srivastava said a leading Brazilian poultry firm has expressed interest in collaborating with Future Group to sell products in the Indian market. "A Brazilian company claiming to be world's leading exporter in poultry sector met us on Tuesday. They want to tie up with Biyani's Future Group to use their retail outlets," he added. The government had recently allowed 100% foreign investments ...

Harsimrat Kaur Badal, the Cabinet Minister for Food Processing in the Government of India and Member of Parliament from Bathinda (Punjab) is a multi-faced personality. Politics, family and philanthropy are three diverse areas, but a modern woman should excel in all three. That's what she feels, and does. Indranil Das | March 2016 Issue | The Dollar Business Harsimrat Kaur Badal, Union Cabinet Minister, Food Processing, Government of India She is a member of Shiromani Akali Dal. Her husband Sukhbir Singh Badal is the Deputy Chief Minister of Punjab and the President of Shiromani Akali Dal. Her father-in-law Parkash Singh Badal is the Chief Minister of Punjab. Belonging to a family with politics in its blood, the first obvious question to her ...