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HomePosts Tagged "Ministry of Food Processing Industries (MoFPI)"
AgroPolicy, Cold Storage, India, Supply Chain

As on 30th June 2024, Ministry has approved 41 Mega Food Parks, 588 Food Processing Units, 61 Creation of Backward & Forward Linkages Projects & 52 Operation Green projects under corresponding component schemes of PMKSY.

It is observed that the Food Processing Industries have emerged as an important part of the Indian economy in terms of its contribution to Gross Domestic Product (GDP), employment, exports etc. During the last eight years ending 2022-23, Food Processing sector has been growing at an Average Annual Growth Rate (AAGR) of around 5.35%. Gross Value Added (GVA) in Food Processing sector has also increased from 1.61 lakh crore in 2015-16 to 1.92 lakh crore in 2022-23 (as per First Revised Estimates of Ministry of Statistics and Programme Implementation). The employment in Food Processing Industries has increased from 17.73 lakh in 2014-15 to 20.68 lakh in 2021-22 as per the latest Annual Survey of Industries (ASI) report. Moreover, the percentage share of processed food export in agri-food export has gone up to 23.4 per cent in 2023-24 from 13.7 per cent in 2014-15.

In order to ensure the overall development of Food Processing Sector and to help it to overcome various challenges, Ministry of Food Processing Industries (MoFPI) is implementing Central Sector Umbrella Scheme viz Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) and Centrally Sponsored Scheme PM Formalization of Micro food processing Enterprises (PMFME).

MoFPI through implementation of PMKSY across the country helps in creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet for promotion, overall development and growth of Food Processing Industries, through creation of employment opportunities, reducing wastage of agricultural produce, increasing the processing level and enhancing export of the processed foods. MoFPI provides financial assistance as capital subsidy in the form of grants-in-aid (GIA) under various component schemes of PMKSY for setting up of new food processing industries/units/projects and also expanding the existing ones. As on 30th June, 2024, Ministry has approved 41 Mega Food Parks, 399 Cold Chain projects, 76 Agro-processing Clusters, 588 Food Processing Units, 61 Creation of Backward & Forward Linkages Projects & 52 Operation Green projects under corresponding component schemes of PMKSY.

MoFPI also provides financial, technical and business support for setting up/ upgradation of micro food processing enterprises under PMFME scheme. The scheme is operational for a period of five years from 2020-21 to 2024-25 with total outlay of Rs 10,000 Crore. A total of 92,549 micro food processing enterprises have been approved for assistance under PMFME as on 30th June, 2024.

PLISFPI is, inter alia, intended to support creation of global food manufacturing champions, branding and marketing abroad and support Indian brands of food products in international market. The Scheme is being implemented over a six-year period from 2021-22 to 2026-27 with an outlay of Rs. 10,900 crore and a total of 172 food processing companies have been approved for assistance under various categories of the scheme as on 30th June 2024.

As on 30th June 2024, Ministry has

AgroPolicy, India

16 Memoranda of Understanding (MoUs) signed between Ministry of Food Processing Industries (MoFPI) and various industry entities on the first day amounting to total investment of around Rs 17,990 crores.

The inauguration of the second edition of the ‘World Food India 2023’ mega food event took place at Bharat Mandapam, Pragati Maidan, in New Delhi, with Prime Minister Narendra Modi presiding over the event. During the inauguration, the Prime Minister provided Seed Capital Assistance to over one lakh Self Help Group (SHG) members, reinforcing the support for these groups. Prime Minister Modi also toured the exhibition displayed on the occasion. The primary objective of the event is to present India as the ‘food basket of the world’ and commemorate 2023 as the International Year of Millets.

On the first day of World Food India 2023, a total of 16 Memoranda of Understanding (MoUs) were signed between the Ministry of Food Processing Industries (MoFPI) and various industry entities. These agreements amounted to a total investment of around Rs 17,990 crore. Notable companies participating in these MoUs included Mondelez, Kellog, ITC, Innobev, Nedspice, Ananda, General Mills, and Ab Inbev, among others.

The Ministry of Food Processing Industries, Government of India, organised a Roundtable discussion on the inaugural day of World Food India 2023. The event was co-chaired by Union Minister Pashupati Kumar Paras, Ministry of Food Processing Industries and Union Minister Piyush Goyal, the Ministry of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles. The Roundtable brought together senior government officials and CEOs from over 70 leading companies operating in the food processing and allied sectors.

The Prime Minister emphasised the significant recognition received by India’s food processing sector, often referred to as the ‘sunrise sector,’ owing to the outcomes of World Food India. He said that in the past nine years, the sector has attracted foreign direct investments exceeding Rs 50,000 crores, thanks to the government’s industry-friendly and farmer-centric policies. Prime Minister also mentioned the progress made under the Production-Linked Incentive (PLI) scheme in the food processing sector, which has greatly aided new entrants. He further highlighted the ongoing projects under the Agri-Infra Fund, focusing on post-harvest infrastructure, with an investment exceeding Rs 50,000 crores. Additionally, investments in processing infrastructure in the fisheries and animal husbandry sector, amounting to thousands of crores, were encouraged.

The Prime Minister highlighted India’s remarkable progress in the food processing sector, crediting the government’s dedicated efforts. He mentioned the creation of the Agri-Export Policy, development of nationwide logistics and infrastructure, establishment of district-level hubs, expansion of Mega Food Parks, and significant increase in India’s food processing capacity. Modi also mentioned unique agricultural products being exported from India, such as black garlic from Himachal Pradesh, dragon fruit from Jammu & Kashmir, soya milk powder from Madhya Pradesh, and others.

16 Memoranda of Understanding (MoUs) signed between