In a major boost to the food processing sector, Finance Minister Nirmala Sitharaman announced the establishment of the National Institute of Food Technology, Entrepreneurship, and Management in Bihar during her Union Budget 2025-26 speech. The initiative aims to accelerate food processing activities in the Eastern region, benefiting farmers, entrepreneurs, and young professionals.
The upcoming institute is expected to play a pivotal role in enhancing farmers' income by adding value to their agricultural produce. With a focus on modern food processing techniques and innovation, it will help farmers transition from raw produce to market-ready products, ensuring better prices and reducing post-harvest losses.
Additionally, the institute will act as a hub for skill development and entrepreneurship, offering specialized training programs to the youth. It aims to generate employment opportunities by equipping individuals with industry-relevant skills and fostering startups in the food technology sector.
This move aligns with the government’s broader vision to boost the agro-processing industry, enhance India's self-sufficiency in food production, and create sustainable employment opportunities. By setting up this institute in Bihar, the government is focusing on regional development and ensuring that the benefits of food technology advancements reach underserved areas.
With this announcement, Bihar is set to emerge as a key player in India’s food technology and processing industry, paving the way for economic growth and rural prosperity.
Key Highlights of the Initiative:The details of the project, including its timeline and investment allocation, are expected to be revealed soon.
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