India can be leader of global food processing industry: PMOctober 6th, 2009 NEW DELHI - Calling for the formulation of a new National Food Processing Policy, Prime Minister Manmohan Singh Tuesday said India had the potential to emerge as a leader in the global food processing industry. "The food processing sector has the potential to be an industry driver that can transform the rural economy," Manmohan Singh said while inaugurating the 1st Conference of State Ministers for Food Processing Industries, organised by the ministry of food processing industries (MoFPI).
Policies for food processing sector bearing results: PMOctober 6th, 2009 NEW DELHI - A slew of policies introduced by the United Progressive Alliance (UPA) government for the food processing industry in the country has started bearing results, Prime Minister Manmohan Singh said here Tuesday. "Our government adopted in 2005 a 'Vision 2015 - Strategy and Action Plan' to enhance the level of perishables from 6 percent to 20 percent, to increase value addition from 20 percent to 30 percent and to increase India's share in global food trade from 2 percent to 3 percent," Manmohan Singh said while inaugurating here the 1st Conference of State Ministers for Food Processing Industries, organised by the ministry of food Processing Industries (MoFPI).
PM calls for policy on food processingOctober 6th, 2009 NEW DELHI - Prime Minister Manmohan Singh Tuesday called for a national food processing policy for the rapid growth of the sector. "The policy to be effective will have to be comprehensive and adopt a number of legislative, administrative and promotional measures," the prime minister said while inaugurating the first conference of state ministers of food processing industries here.
R&D in food processing needs to be strengthened: PMOctober 6th, 2009 NEW DELHI - Prime Minister Manmohan Singh Tuesday called for strengthening research and development (R&D) in the country's food processing industry with the Central Food Technology and Research Institute (CFTRI) playing a more proactive role. "While basic agricultural research has a very strong and large institutional network in the country, there is little focus on the food processing sector," Manmohan Singh said while inaugurating the 1st Conference of State Ministers of Food Processing Industries, organised by the ministry of food processing industries (MoFPI).
PM to inaugurate food processing conference TuesdayOctober 5th, 2009 NEW DELHI - Prime Minister Manmohan Singh is scheduled to inaugurate a conference of state food processing industry ministers here Tuesday to get inputs for a nation-wide policy and give a push to the $67-billion industry. The focus of the policy will be to step up the level of processing food and related produce in the country, bring down the wastage of perishables from the present 50 percent and scale up research and development efforts.
Separate policy for food processing sector on cardsJuly 31st, 2009 NEW DELHI - The government is planning to formulate a separate policy for the country's food processing industry and to scale up research and development (R&D) activities in the sector, Minister for Food Processing Industries Subodh Kant Sahai said here Friday. "The government is planning to call a meeting of state food processing ministers after the conclusion of the current parliament session to seek their views in formulating a separate food processing policy," Sahai said.
Create Rs.7,500-crore fund for meat and fish industry: AssochamJuly 22nd, 2009 NEW DELHI - The Associated Chambers of Commerce and Industry (Assocham) wants the government to set up a Rs.7,500-crore ($1.5-billion) corpus fund for the meat and fish processing industry. The fund could be used to infuse new technologies and skills into the food processing sector in order to increase the production of meat, fish and poultry by 25 percent in two years, the chamber said in a statement Wednesday.
Erratic monsoon not to hurt food processing sector: ministerJuly 10th, 2009 NEW DELHI - The erratic monsoon this year will not hurt the country's food processing sector as there was enough surplus produce for value addition, according to Minister for Food Processing Industries Subodh Kant Sahai. "In India, the (food) processing level is still very low - at only around 10 percent," Sahai told reporters on the sidelines of a function held here Friday to launch the Ministry of Food Processing Industries' new magazine.
Government plans to launch 350 food processing unitsJuly 1st, 2009 NEW DELHI - The government will help set up 350 new food processing units in the next 100 days as part of its efforts to create 10 million jobs in the sector by 2015. "We will extend financial help of up to 25 percent or a maximum of Rs.50 lakh (Rs.5 million) in setting up each of these units," Minister for Food Processing Industries Subodh Kant Sahai said here Wednesday while releasing his ministry's 100-day action plan.
Food processing is answer to India's problems: PranabJune 24th, 2009 HALDIA - After the Green Revolution and White Revolution, a food processing revolution is the need of the hour for India to solve "major problems of unemployment, rural poverty and deprivation", Finance Minister Pranab Mukherjee said Wednesday. After Green Revolution and White Revolution, there is need for translating into reality another revolution, that is the revolution in the food processing industry.
Food processing sector may get tax holiday, hopes ministerJune 22nd, 2009 NEW DELHI - The food processing industry has the potential to become the engine growth of the economy and it may get a 10-year tax holiday to attract more investments, Minister for Food Processing Industries Subodh Kant Sahay said Monday. "The food processing sector can be the growth engine of the economy, and is eligible for a 10-year tax holiday," Sahay said here at a conference organised by the Confederation of Indian Industry (CII).
Food processing sector's growth to touch 20 percent in 100 days: SahayMay 29th, 2009 NEW DELHI - The growth rate of India's food processing sector will be brought up to a minimum of 20 percent from the current 14 percent within 100 days of the new United Progressive Alliance (UPA) government taking charge, according to Minister for Food Processing Industries Subodh Kant Sahay. "When (India's) overall growth was at 5-6 percent, this ministry's growth was at 14 percent.
After IT, BT, it is time for FT revolution: SahaiFebruary 28th, 2009 NEW DELHI - 'Doctor sahab, aap hamein kahaan chutney-bhaji mein phasaya (why have you got me stuck in this chutney-bhaji business)?' Minister of State for Food Processing Industries Subodh Kant Sahai had asked Prime Minister Manmohan Singh when he was given this portfolio after the United Progressive Alliance (UPA) government came to power. And the prime minister had replied: 'Sahai sahab, you can become the backbone of the agriculture sector.'
Now, as his term comes to an end with elections round the corner, Sahai leaves with the belief that the food processing sector is the next big thing in the Indian economy.
'India will become food factory of the world'February 26th, 2009 HARIDWAR - With the food processing industry in India growing 13.7 percent annually, India is set to be become the food factory of the world, says Minister of State for Food Processing Industries Subodh Kant Sahai. 'While the manufacturing sector growth in the country has gone down from 7 percent to 6 percent, the food processing sector is growing a a robust 13.7 percent,' Sahai said at the foundation laying ceremony of the Patanjali Food and Herbal Park at village Padartha near here Wednesday afternoon, one of the 10 mega food parks that are being set up in the next two years in the country under the 11th Five-Year Plan.
India's first mega food park at HaridwarFebruary 21st, 2009 NEW DELHI - India's first mega food park is to come up at Haridwar in Uttarakhand, yoga guru Baba Ramdev's Patanjali Yog Peeth said Friday. The Patanjali Food and Herbal Park will be inaugurated by Union Minister for Food processing Industries Subodh Kant Sahai Feb 25, a press statement said.