SME Times is powered by   
Search News
Just in:   • Delhi-NCR trade union leaders back govt reforms, call Bharat Bandh politically motivated  • India’s manufacturing sector strengthens further in recent quarters with robust GVA growth  • Trump, Netanyahu hold talks on Iran, 'progress' in Gaza  • India reducing Russian oil buys, claims US  • Precious metals’ prices dip over dollar gains 
Last updated: 09 Feb, 2018  

Food.Processing.9.thmb.jpg India can cater to global processed food market: Minister

Food.Processing.9.jpg
   Top Stories
» India’s manufacturing sector strengthens further in recent quarters with robust GVA growth
» Precious metals’ prices dip over dollar gains
» RBI proposes ban on 3rd‑party sales incentives to bank staff to curb mis-selling
» Sensex, Nifty open in red; IT index dips 3.58 pc
» RBI's 'Financial Literacy Week' to stress KYC awareness in Gujarat and UTs
SME Times News Bureau | 09 Feb, 2018

With increasing output from the agriculture sector leading to a rise in food processing activities, India will be able to cater to the international markets by exporting more processed foods, Commerce Minister Suresh Prabhu said on Friday.

"Among other sectors, food could be a very important sector (for exports) because now when we have large quantity of agriculture and horticulture products coming in, we will have to process it," he said at the inauguration of the 11th edition of "Ficci Foodworld India 2018" with the theme "Capitalising Food Processing in the Digital Era".

"When we process it, we need not only cater to the domestic market but we can export it."

The minister said the food processing industry professionals should develop processed food items that appeal to the palate of the consumers in export markets.

"This segment needs to be exploited aggressively apart from exporting Indian food products for use by Indians overseas," he added.

Prabhu said the processed, ready-to-eat food produced under good regulation on safety and standards was a great opportunity for the manufacturing sector with the attendant benefit for downstream industries.

According to the minister, although technology will bring in lot of redundancy and many sectors will be impacted, food processing is a sector which will survive all such transitions.

"We are trying to identify sectors which would be growing at a much faster rate than before, and clearly in my opinion, food is one such sector," he said.

Emphasising on the need for exports of marine products, Prabhu said he had urged the Marine Products Export Development Authority to prepare a strategy for export of marine products from India.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹91.2
₹89.5
UK Pound
₹123.35
₹119.35
Euro
₹107
₹103.35
Japanese Yen ₹57.9 ₹56.1
As on 22 Jan, 2026
  Daily Poll
What is your primary "Make or Break" expectation from the Finance Minister this year?
 The Tax Relief
 The Working Capital Fix
 The Compliance Holiday
 The Payment Shield
 The Tech Subsidy
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter