Hotline: 1800 102 2007
X
Search Business Opportunities
May, 05 2017

Food sector set for quantum jump in India, says Harsimrat Kaur Badal

Various measures taken by the NDA government had led to seven per cent growth in the food processing sector, she said.

Union Minister Harsimrat Kaur Badal has said the food sector is set for a quantum jump in the country with the Union Cabinet allocating Rs 6,000 crore for restructuring Scheme for Agro-Marine Processing and Development of Agro-Processing clusters (SAMPADA).

In a statement, the food processing minister said that the huge and much-needed investment in the food sector would leverage an investment of Rs 31,400 crore.

She said, "It will also result in handling of 3.34 crore metric tonnes of agro-produce valued at more than one lakh crore and benefit 20 lakh farmers. It will also generate 5.30 lakh direct and indirect jobs in the country by 2019-20."

Disclosing that the Rs 6,000 crore investment for the period 2016-20 was coterminous with the 14th Finance Commission cycle, the minister said SAMPADA would supplement agriculture, modernise processing and decrease agri-waste.

She said, "It will go a long way in doubling income of farmers and creating much-needed jobs in rural areas."

She said that the implementation of SAMPADA would result in creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet.

"It will not only provide a big boost to the growth of food processing sector but will also help in reducing wastage of agricultural produce and enhance the export of processed foods," she said.

Various measures taken by the NDA government had led to seven per cent growth in the food processing sector, she said.

She said this growth had been made possible by according approval to 42 mega food parks and 236 integrated cold chains for creation of modern infrastructure for food processing along the value chain from the farm to the market.

She said besides this, 100 per cent FDI in trading, including e-commerce, had been allowed with respect to food products manufactured in India.

Comment
Related opportunities
  • Non Banking Financial Company (NBFC)
    GOLDCASH LIMITED – A Premium Business Opportunity with Promising Returns.. About us: Go..
    Locations looking for expansion Odisha
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bhubaneswar Odisha
  • Competitive Exam Coaching Institute
    Want to be an entrepreneur in the education sector? IBT..
    Locations looking for expansion New Delhi
    Establishment year 2008
    Franchising Launch Date 2009
    Investment size Rs. 2lac - 5lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Central Delhi New Delhi
  • Quick Service Restaurants
    About: Upper Crust Foods Pvt. Ltd. is a 5-year-old company which..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Ice creams & Yogurt Parlors
    About: Born out of passion, Papa Cream is an innovative and..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities