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To develop the food processing industry, govt to attract investments: Prabhu

Updated: Dec 07, 2018 11:17:16am
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To develop the food processing industry, govt to attract investments: Prabhu

New Delhi, Dec 7 (KNN) Government is looking forward to attract investments to develop the food processing industry, said Suresh Prabhu, commerce minister.

He was addressing a gathering on strengthening the micro, medium and small enterprise (MSME) ecosystem in food processing, organized by Assocham

Food processing is extremely important and to make it happen in a big way, Abu Dhabi Investment Authority, the world’s largest sovereign wealth fund, has announced funding for India, he said. 

As the central cabinet approves Agricultural Export Policy, Prabhu said that all the restrictions on export of organic and processed food would be lifted, paving way for the growth of the sector.

The cabinet has also approved the proposal to establish a central monitoring framework with commerce ministry, having representation from other ministries, departments and agencies as well as concerned state governments to oversee the policy implementation. 

He said, "As a part of entire policy, the creation of cold chain infrastructure would be aggressively worked on with the complete involvement of state governments.”

“Each of the state governments has decided to appoint a nodal officer who will work to create the infrastructure," the minister said.

"At the same time, to make exports possible, the government will remove all restrictions on organic foods as well as processed foods," he said.

He said "the idea is that we create clusters for different products for agriculture, horticulture, meat, dairy and others depending upon the natural products produced in each state."

Prabhu said that proper connectivity will be provided so that the produce can be transported within shortest possible time to avoid wastage.

Prabhu said that the union government will work with 13 coastal states including Goa to double the sector export from USD 30 billion to USD 60 billion.

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