(The Gist of PIB) 28 Food Processing Projects worth over Rs 320 Crores approved
(THE GIST OF PIB) 28 Food Processing Projects worth over Rs 320 Crores approved
28 Food Processing Projects worth over Rs 320 Crores approved
The projects were approved under Creation/Expansion of Food Processing and Preservation Capacities (CEFPPC) of Ministry of Food Processing Industries.
CEFPPC scheme is for creation of processing and preservation capacities and modernisation/ expansion of existing food processing units with a view to increasing the level of processing, value addition leading to reduction of wastage.
It is implemented through organizations such as Central and State PSUs/ Joint Ventures/Farmer Producers Organization/ NGOs/ Cooperatives/ SHG etc.
It is one of the components of Pradhan Mantri Kisan Sampada Yojana.
This step will help in:
Ensuring value addition,
Generating employment opportunities as well as export earnings.
Food processing is a series of unit operations to convert unprocessed food-to-foodstuffs with prolonged shelf life and enable storage that abolishes or reduces time or effort spent in culinary procedures for increased consumption.
100% FDI is permitted under the automatic route in Food processing industries and processed food market is expected to grow to US $958 billion by 2025 in India.
India faces challenges in food processing like inadequate infrastructural facilities, availability of trained manpower, inconsistency in central and state policies, access to Credit, etc.