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 ...
