India’s maize consumption is projected to increase to 33.8 Mn MT in 2030: FICCI-YES Bank report

FICCI-YES Bank report ‘Indian Maize Sector – Securing Supply Sustainably’ was released during the 8th edition of ‘India Maize Summit.

Addressing the 8th edition of ‘India Maize Summit 2022’, organized by FICCI, Narendra Singh Tomar, Minister of Agriculture & Farmers Welfare, released FICCI-YES Bank report ‘Indian Maize Sector – Securing Supply Sustainably’.

Key highlights of the report:

India’s maize consumption is projected to increase to 33.8 Mn MT in 2030 with major contribution of industrial usage. To meet the ever-increasing domestic demand of maize while addressing the environmental concerns, interventions need to be done at various levels of the value chain with cumulative efforts made by all the stakeholders involved. Five key action areas which have been identified post discussion with industry to ensure sustainable supply of maize for all end users are

1. Enhancing maize production ecosystem

2. Making post-harvest interventions more robust

3. Transformation of storage and logistics infrastructure

4. Facilitation of domestic supply and international trade of maize

5.  Upgradation of processing infrastructure

These actions steps if implemented in a co-creation mode with strong inter institutional partnership as well as public-private partnership will ensure sustainable supply of maize to meet the future demand.

 Tomar also assured the industry of government’s support to boost the maize sector. “Agriculture is the backbone of India and it has helped the country during every crisis including COVID-19. During this time, the increase in export of agriculture products is also very encouraging,” he added.