Food processing sector registers significant growth: Govt report

According to a report from the ministry of food processing industries, the sector has witnessed fast growth, employment generation and export earnings, making it better than other industries and the economy as a whole. It constitutes a share of around

food-processing

Over last few years, the ministry of food processing industries has been encouraging investment into the sector, improving infrastructure, evolving better standards, removing bottlenecks and initiating R&D and skill development.

The National Mission on Food Processing (NMFP) was approved in June, 2013 followed by quick formulation of guidelines to states. The Ministry has taken a number of steps for encouraging investment into the FPI sector; these include issuing expression of interest (EOI) for setting up 15 cold chain projects, information dissemination on resources and facilities available in different states, creating an investor portal, and modification of guidelines for setting up cold chains.

On the ministry's initiative, concessional duty on food processing machinery is under consideration of the government. The Ministry has also been coordinating with other Ministries and organisations for showcasing India's potential in this sector, improving hygienic standards of abattoirs, food safety, assessment of agricultural wastage, etc.

Details of the growth of the food processing sector and the major actions taken by the FPI Ministry in the year 2014 are given below:

Ministry of Food Processing Industries (MoFPI) is concerned with formulation and implementation of the policies and plans for the food processing industries within overall national priorities and objectives. In an emerging country like India, where growth with equity is a primary policy thrust, the optimum development of the food processing sector will contribute significantly in tackling several developmental concerns such as disguised unemployment in agriculture, rural poverty, food security, food inflation, improved nutrition, and prevention of wastage of food.

The approach to 12th Five Year Plan for the Ministry of Food Processing Industries was prepared keeping in view the overall national objectives. It was felt that significant development in food processing sector can be achieved only through a decentralised approach paving the way for greater involvement of states. The total plan allocation for 12th plan for the Ministry is Rs.5990 crore.

 

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