Search Result for : Mega Food Parks

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 ...

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 The Ministry of Food Processing and Industries, announced setting up of 17 new Mega Food Parks (MFPs) acroos the country. The announcement came after earlier projects for setting up of these facilities were withdrawn. Out of these 17 fresh MFPs, seven projects will be approved by State government agencies from six States and the rest are expected to be taken up by private operators. In the total project cost that stands at Rs 2333 crore, the government’s grant is likely to be around Rs 850 crore and promoters’ contribution as equity and loan is around Rs 1,483 crore. This was informed by Sadhvi Niranjan Jyoti, Union Minister of State for Food Processing Industries on Tuesday. The ...

 The Dollar Business Bureau The Union Ministry of Food Processing, Government of India, on Tuesday announced initiatives towards development of food processing activities and better management of food products in India. In this regard, Harsimrat Kaur Badal, the Union Minister of Food Processing, informed about the government’s steps towards establishment of one Mega Food Park (MFP) in every State across the country. Speaking at the inaugural event of 30th AAHAR International Food and Hospitality Fair organised by India Trade Promotion Organisation (ITPO), Badal referred to the MFP initiative as a flagship program of her Ministry and said the MFPs shall become a hubs for food processing activities across all the States.  Stating that there was a huge potential for value addition for ...

 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 ...

 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 ...