Government Initiatives For Food Processing Industry In India
The contribution of the Indian food industry is increasing every year, not only to the Indian GDP but also it’s share in world food trade. It’s a high-growth, high-profit sector with 32% of the Indian food market. Understandably the government of India has been very keen on the growth and development of the food processing industry in India . The Ministry of Food Processing Industry (MoFPI) has been making all-out efforts to encourage investment in the business. Some of the major initiatives taken by the Government of India to improve the food processing industry in India are as follows: • 100 per cent FDI (Foreign Direct Investment) in the marketing of food products aims at boosting investment in the sector. There are various incentives at the central and state government levels, with the supply chain infrastructure being under sharp focus. • A dairy processing infrastructure fund worth Rupees 8000 cro...