Govt wants to treble investment in food processing industries
Updated: Jul 23, 2014 12:56:33pm
New Delhi, Jul 23 (KNN) The Ministry of Food Processing Industries has prepared a Vision Document-2015 to promote food processing industries, increase level of processing and exploit the potential of domestic and international market for processed food products.
The Vision Document-2015 has “envisaged trebling the size of investment in the processed food sector by increasing the level of processing of perishables from 6 per cent to 20 per cent, value addition from 20 per cent to 35 per cent and share in global food trade from 1.5 per cent to 3 per cent by 2015,” said Minister of Food Processing Industries Sanjeev Kumar Balyan in Lok Sabha yesterday.
To achieve these targets, an investment of Rs 100,000 crore was required by the year 2015, out of which, the share of government was Rs.10,000 crore, it said.
During the 11th Five Year Plan, against the proposal of allocation of Rs. 4816 crore of the Ministry, a Plan outlay of Rs. 4041 crore only was made for various Programmes / Schemes of the Ministry. However, the actual expenditure incurred on implementing the various schemes of Ministry of Food Processing Industries during the 11th Plan was Rs. 1596.88 crore only.
During 11th Five Year Plan, various Central Sector Schemes for Infrastructure Development were implemented by the Ministry for development of food processing industries in the country. These included Mega Food Parks; Integrated Cold Chain; Value Addition and Preservation Infrastructure; Setting up / Modernization of Abattoirs.
Schemes for technology up-gradation, establishment and modernization of food processing industries quality assurance, codex standards, research and development and other promotional activities, human resource development and strengthening of institutions were also implemented by the ministry for development of food processing industries in the country. (KNN/ST)
The Vision Document-2015 has “envisaged trebling the size of investment in the processed food sector by increasing the level of processing of perishables from 6 per cent to 20 per cent, value addition from 20 per cent to 35 per cent and share in global food trade from 1.5 per cent to 3 per cent by 2015,” said Minister of Food Processing Industries Sanjeev Kumar Balyan in Lok Sabha yesterday.
To achieve these targets, an investment of Rs 100,000 crore was required by the year 2015, out of which, the share of government was Rs.10,000 crore, it said.
During the 11th Five Year Plan, against the proposal of allocation of Rs. 4816 crore of the Ministry, a Plan outlay of Rs. 4041 crore only was made for various Programmes / Schemes of the Ministry. However, the actual expenditure incurred on implementing the various schemes of Ministry of Food Processing Industries during the 11th Plan was Rs. 1596.88 crore only.
During 11th Five Year Plan, various Central Sector Schemes for Infrastructure Development were implemented by the Ministry for development of food processing industries in the country. These included Mega Food Parks; Integrated Cold Chain; Value Addition and Preservation Infrastructure; Setting up / Modernization of Abattoirs.
Schemes for technology up-gradation, establishment and modernization of food processing industries quality assurance, codex standards, research and development and other promotional activities, human resource development and strengthening of institutions were also implemented by the ministry for development of food processing industries in the country. (KNN/ST)
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