SME Times News Bureau | 29 Aug, 2019
Teli, Minister of State for Food Processing Industries, on Thursday said that the food processing sector is one of the most promising sectors in our country with a high
potential to grow in the future.
at 'FICCI FOODWORLD INDIA 2019' organized by FICCI, jointly with the
Ministry of Food Processing Industries, Teli said, "Our budget is of Rs 1,400 crore and the Ministry of Food Processing
Industries will assist industrialists and young entrepreneurs to set up food
processing industry in the country especially in the hilly terrains."
invited the industry and entrepreneurs to invest in the north eastern states.
"Government will assist all the investors and industrialist to set up
units in these states and especially in North East and Jammu Kashmir," he
While highlighting the offerings by Odisha government
in the food processing sector Sanjeev Chopra, Principal Secretary, Department of
Industries, Government of Odisha, said, "Food processing
sector is identified as one of the priority sectors in Odisha and has immense potential. The Odisha
government has taken various measures to maintain the cost of doing business
and improve infrastructure in the state."
Siraj Hussain, former Secretary, Ministry of Agriculture
& Food Processing Industries, Government of India, shared his concerns faced by the sector and
said, "Due to the fall in prices, the farmers have suffered. The increase in food
wastage has impacted
the growth of the industry. We hope there are reforms that will increase
development in the food processinginfrastructure and drive investment in agriculture."
Prakash, Joint Secretary, Ministry for Food Processing Industries, Government
of India said, "The
Pradhan Mantri Kisan SAMPADA Yojna will not only provide a big boost to the
growth of food processing sector in the country but also help in providing
better returns to farmers. It is a big step towards doubling of farmers income, creating huge
employment opportunities especially in the rural areas, reducing wastage of
agricultural produce, increasing the processing level and enhancing the export
of processed foods."
Malik, Chair, FICCI Food Processing Committee & CEO- Food Division, ITC
Ltd said, "India has moved from a food scarce to a food surplus
nation and the industry is on track in terms of growth and profitability. The
food processing sector has immense potential for value addition and its development synergizes the two pillars of
economy i.e. industries
andagriculture. Various government initiatives and reforms
have resolved a lot of hurdles faced by the industry."
Anand, Co-Chair, FICCI Food Processing Committee & MD, Kellog's India said
that the food processing sector has the potential of become a Rs 500 billion sector which will
not only focus on improving farmer's income but also improve the employment and
infrastructure and stay aligned with the country?s nutrition and health agenda.
A FICCI Centre of Excellence on Nutrition was also
launched at the occasion with an objective to create greater awareness amongst
stakeholders on the different aspects of nutrition and reformulation.
The daylong conference which focused on the future of food processing sector was attended by delegates from the sector.
conference provided a
platform for the industry to discuss innovations that could drive the industry and initiatives to attract
investment in the sector. It also discussed the efforts taken to reduce the
wastage and bring in sustainable measures to boost the food processing sector.