Beverages & Food Processing Times August 2017

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India�s Only Monthly Newspaper for Food, Beverage & Allied Sectors

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Vol. 10, Issue 03, August 2017,

Govt. eyes $10bn investment in

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better environment and revenues for the farmers. And will also earn better foreign exchange for the country. For this purpose, the government has launched Rs 6,000 crore 'Kisan SAMPADA Yojana' scheme for food processing, which will integrate current and new schemes.

U

nion Minister for Food Processing Industries Harsimrat Kaur Badal has delegated that the Government is expecting an investment worth $10 billion in next five years in the food processing sector. After the announcement of 100% FDI in multi-branded food retail, the sector has seen 40 per cent growth in FDI and as the infrastructure is ready and the seamless 'farm to fork' value chain is in place a huge investment is expected very soon. The minister also added that the exports have also increased and stood at $1 billion from April-July period. The Indian food processing industry’s transformation phase has started and this will not only generate employment bit also create a

The scheme will benefit 20 lakh farmers and generate 5,30,500 direct and indirect employment in the country by the year 2019-20. On foreign partnerships, there have been a lot of enquiries from overseas for joint ventures in the food processing industry, especially from the European countries, Japan and the Middle East. And for investments partnership queries are coming from countries like the Netherlands, Denmark, UAE, Japan, and Italy among others. Consequently viewing the growing interest of food processing, the Government has set a target of $10 billion investment in the food processing sector in next 5 years.

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