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  • Cabinet clears India-Japan pact for cooperation in food processing sector Jan 23, 2019 05:42 PM IST

    Cabinet clears India-Japan pact for cooperation in food processing sector

    The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its approval to the Memorandum of Cooperation (MoC) between India and Japan in the field of food processing sector, an official statement said.

  • Food processing sector to attract $14 bn in 2-3 years: Harsimrat Kaur Badal Feb 09, 2018 12:56 PM IST

    Food processing sector to attract $14 bn in 2-3 years: Harsimrat Kaur Badal

    Badal said the government has doubled the budget outlay for the ministry to Rs 1,400 crore for next fiscal and the amount would be used to improve processing infrastructure and setting up of cold chain grids.

  • India's food processing sector may attract $33 bn by 2024: Report Nov 21, 2017 12:55 PM IST

    India's food processing sector may attract $33 bn by 2024: Report

    The country's food and retail market is expected to touch USD 482 billion by 2020, up from USD 258 billion in 2015, with recent reforms making the sector more competitive and market- oriented, it said.

  • Scale up food processing sector by ten-fold in 5 years: Piyush Goyal Nov 06, 2017 08:00 AM IST

    Scale up food processing sector by ten-fold in 5 years: Piyush Goyal

    A quantum jump in the size and growth of food processing sector is needed, which would be in sync with Prime Minister Narendra Modi's vision of doubling farmer's income by 2022, industry body CII quoted Goyal as saying in a statement.

  • Govt to launch Rs 6000-cr 'SAMPADA' scheme for food processing Apr 11, 2017 04:59 PM IST

    Govt to launch Rs 6000-cr 'SAMPADA' scheme for food processing

    The government will soon launch an umbrella programme 'SAMPADA' for food processing sector with Rs 6,000 crore outlay to integrate current and new schemes aimed at reducing food wastage and doubling farmers' income.

  • 'Global slowdown to impact exports of processed food in FY17' Mar 06, 2017 08:34 AM IST

    'Global slowdown to impact exports of processed food in FY17'

    "The food processing sector is poised for exponential growth with the government setting a target of doubling processing levels to 20 percent by 2019, from the current 10 percent," according to D&B report 'Food Processing Sectoral Outlook 2017'.

  • Amazon seeks govt nod for e-retail of food products in India Feb 03, 2017 07:18 PM IST

    Amazon seeks govt nod for e-retail of food products in India

    The US-based company has proposed to invest about Rs 3,400 crore for the purpose, sources said, adding the application is being considered by the Commerce and Industry Ministry.

  • Food processing need more investment to create infrastructure Oct 14, 2016 09:54 AM IST

    Food processing need more investment to create infrastructure

    The association said that inefficiencies in supply chain, absence of economies of scale, technology up-gradation and quality issues are certain key challenges dogging India's Rs 6 lakh crore worth food processing industry.

  • Harsimrat holds discussion to promote FDI in food processing Oct 14, 2016 08:56 AM IST

    Harsimrat holds discussion to promote FDI in food processing

    "Discussions were held on how to facilitate foreign investments and sort out their issues related to various ministries and departments," the food processing minister said after the meeting.

  • Govt ready to promote diversification in agri sector: Giriraj Oct 07, 2016 10:20 AM IST

    Govt ready to promote diversification in agri sector: Giriraj

    Union Minister of State for MSME Giriraj Singh today said the central government is committed to promote diversification in the agriculture and the food processing sector.

  • Food processing sector gets $385.45 mn FDI till Dec in FY16 Mar 04, 2016 03:32 PM IST

    Food processing sector gets $385.45 mn FDI till Dec in FY16

    According to the data shared by Minister of State for Food Processing Sadhvi Niranjan Jyoti in a written reply in Rajya Sabha, the sector has attracted USD 5,285.66 million FDI during April 2012 to December 2015.

  • FDI may rise 25% as FSSAI eases product approval norms: Badal Jan 17, 2016 12:29 PM IST

    FDI may rise 25% as FSSAI eases product approval norms: Badal

    Foreign direct investment in the food processing sector is likely to go up by at least 25 percent as FSSAI streamlines regulations to ease product approvals, Union Minister Harsimrat Kaur Badal has said.

  • India, Poland set trade target of $5 bn by 2018 Jun 16, 2015 06:59 PM IST

    India, Poland set trade target of $5 bn by 2018

    The meeting was co-chaired by Secretary in the Department of Industrial Policy and Promotion (DIPP) Amitabh Kant and Poland's Secretary of State, Ministry of Economy, Jerzy Pietreiwicz.

  • CCEA approves changes in mega food park scheme May 07, 2015 09:34 AM IST

    CCEA approves changes in mega food park scheme

    The modifications, which includes allowing the central government agencies to hold more than 26 percent equity in the mega food park, would streamline the implementation of the scheme.

  • Food processing sector attracts $421 mn FDI in Apr-Jan Apr 30, 2015 10:45 AM IST

    Food processing sector attracts $421 mn FDI in Apr-Jan

    Recently, Ministry has sanctioned 17 new mega food parks to attract investment in the sector and will sanction about 30 more new Cold Chain projects. The minister said that there is an immense potential in food processing sector to generate employment in the country.

  • Govt approves setting up of 12 mega food parks Aug 09, 2013 01:17 PM IST

    Govt approves setting up of 12 mega food parks

    The government today approved setting up of 12 mega food parks during the 12th Plan period (2012-17) with an allocation of Rs 1,714 crore in order to boost the food processing sector.

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