India losing Rs 440 bn on wastage of fruits & vegetables annually: APEDA
Updated: Jul 21, 2014 03:44:28pm
New Delhi, Jul 21 (KNN) Agricultural and Processed Food Products Export Development Authority (APEDA) has estimated that India is losing Rs 440 billion on wastage of fruits and vegetables annually since it has failed to create temperature control facilities and adequate storage houses to store such perishable goods.
APEDA’s Chairman-cum-Secretary, Santosh Kumar Sarangi in his special address at a Logistics Conclave-2014, organized by PHD Chamber of Commerce and Industry here today said that Indian totality suffered annual losses, amounting to Rs 550 billion due to inadequate cold storages and suitable supply chain infrastructure including inadequate food processing facilities in the agri sector.
“Only 2 per cent of fresh fruit and vegetables produced in India, which is their second largest producer in the world are stored in the meagrely available temperature controlled facilities against 85 per cent of the leading economies in the world which is responsible for the whopping annual losses of fruit and vegetables,” said Sarangi.
However, he explained that with adoption of modern techniques for higher fruit and vegetables yield and their harnessing by State of Jammu and Kashmir in the last three years, the State has been able to substantially curtail its apple wastages with the help of private and public intervention.
Chairman of Warehousing Development and Regulatory Authority (WDRA), Dinesh Rai, in his inaugural address informed that the regulator has been advocating for conferment of infrastructure status on logistics, given its key role in the emerging economy and the Planning Commission has already endorsed its view on the subject. The issue, according to him is progressing favourably with other concerned departments in the government.
Rai also said that the new government was serious about the growth of the logistics sector which can be gauged from the allocation of Rs 5,000 crore in the budget for 2014-15.
In addition, subsidized loans are also granted for logistics sector by public sector banks with government increasing subsidy for the sector to an extent of 25 per cent on government grants to promote the sector, added Rai. (KNN Bureau)
APEDA’s Chairman-cum-Secretary, Santosh Kumar Sarangi in his special address at a Logistics Conclave-2014, organized by PHD Chamber of Commerce and Industry here today said that Indian totality suffered annual losses, amounting to Rs 550 billion due to inadequate cold storages and suitable supply chain infrastructure including inadequate food processing facilities in the agri sector.
“Only 2 per cent of fresh fruit and vegetables produced in India, which is their second largest producer in the world are stored in the meagrely available temperature controlled facilities against 85 per cent of the leading economies in the world which is responsible for the whopping annual losses of fruit and vegetables,” said Sarangi.
However, he explained that with adoption of modern techniques for higher fruit and vegetables yield and their harnessing by State of Jammu and Kashmir in the last three years, the State has been able to substantially curtail its apple wastages with the help of private and public intervention.
Chairman of Warehousing Development and Regulatory Authority (WDRA), Dinesh Rai, in his inaugural address informed that the regulator has been advocating for conferment of infrastructure status on logistics, given its key role in the emerging economy and the Planning Commission has already endorsed its view on the subject. The issue, according to him is progressing favourably with other concerned departments in the government.
Rai also said that the new government was serious about the growth of the logistics sector which can be gauged from the allocation of Rs 5,000 crore in the budget for 2014-15.
In addition, subsidized loans are also granted for logistics sector by public sector banks with government increasing subsidy for the sector to an extent of 25 per cent on government grants to promote the sector, added Rai. (KNN Bureau)
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