Search Result for : Food Processing Industry

The Dollar Business Bureau The government on Tuesday said that it is working for the development of food processing industry at a rapid pace and around 4 mega food parks will become operational in the coming three months. The industry is keenly interested in food processing sector as the Central government has got 300 proposals for establishing new cold chains, it said. “Just two mega food parks came into operation during 2009 and 2014, while 6 mega food parks became operational during the last three years – from 2014 to 2017. Similarly, 42 mega food parks will come into operation by 2019,” said Minister of State for Food Processing Industries Sadhvi Niranjan Jyoti, while speaking at an event organised by ASSOCHAM. “Four mega food parks ...

This will benefit farmers, give impetus to food processing industry and create vast employment opportunities, the Minister added Vanita Peter D’Souza | The Dollar Business Prior to this proposal, 100% FDI was allowed in the food processing industry through the automatic route while 49% FDI was allowed through FIPB route   With a view to give an extra boost to the agrarian sector, Finance Minister Arun Jaitley relaxed the FDI regulation in the food processing industry and announced a 100% FDI through FIPB route. The Finance Minister while presenting his third Union Budget said, “Our foreign direct investment (FDI) policy has to address the requirements of farmers and food processing industry. A lot of fruits and vegetables grown by our farmers either ...

UAE continues to be Indias major trade partner in the Gulf region with current bilateral trade being about $60 billion Indias third largest trading partner and second largest export destination The Dollar Business Bureau India has tremendous potential in production of food items; grains, vegetables, fruits, and milk but has not been able to build adequate processing infrastructure   Pitching Indias food processing industry on the global stage, the Food Processing Minister Harsimrat Kaur Badal on Sunday exhorted foreign investors to take advantage of Indias supportive policy environment and invest in mega food parks, cold chains and various other food processing value chains. India is a huge and promising market with 1.2 billion population, increasing purchasing power, adequate availability of raw materials, availability ...

 The Dollar Business Bureau In an effort to boost investment in the food processing sector, the government has introduced some changes in its guidelines of the Mega Food Park scheme. The changes in guidelines, approved by the cabinet committee on economic affairs (CCEA), will streamline the setting up of modern food processing plants across the state. These modifications are expected to trigger further investment in the food processing sector and ensure smooth implementation of the Mega Food Parks scheme particularly, the projects that are at initial stages, a government statement said on Thursday. In March, the Centre had allocated the development of 17 Mega Food Parks across the country to at least 10 private companies and state governments. In 2008-09, ...

 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 ...