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Government starts industry consultations on next phase of food processing PLI
The government is planning an expanded Production-Linked Incentive Scheme for the food processing sector. Consultations were held with industry stakeholders to design the next phase of fiscal support. The upcoming policy aims to boost domestic manufacturing and global competitiveness. It will focus on innovation, value addition, and farmer benefits. Working groups will address perceptions and promote the sector's growth.
Food Processing Minister Chirag Paswan asks food cos to focus on making quality products
Union Minister Chirag Paswan underscored the potential within India's food processing industry, encouraging businesses to focus on quality to compete in international markets. He raised alarms about the increasing obesity rates among young people, advocating for healthier snack options.
Midera Food Processing Share Price Today | NASDAQ: MFPVV - Investing.com India
Midera Food Processing Share Price Today | NASDAQ: MFPVVInvesting.com India
Karnataka supports 10,500 food processing units, creates up to 1 lakh jobs: KAPPEC
Karnataka is championing micro food processing, supporting over 10,500 units and creating up to one lakh jobs. The state is also a leading millet processing hub. Discussions at a recent conference highlighted the transformative potential of AI and robotics in the agro-food sector, aiming to boost India's processing capabilities from a mere 10% to compete globally. Experts emphasized innovation and technology for value addition and reducing wastage.
South Asia's $700B Farm Sector Eyes Transformation: Food Processing, Cold Chains & Value Chains Set to Unlock Millions of Jobs
The next phase of agricultural transformation lies in increasing production, expanding food processing, storage, logistics, marketing and value addition. These activities can create millions of productive jobs while reducing food losses and increasing farmers incomes. In India, food grain production increased to more than 330 million tonnes today from 51 million tonnes in 1950-51. Processed food exports have also more than doubled over the past decade, rising to over 10 billion USD from approximately $4.9 billion. The food processing sector currently contributes around 9 % of manufacturing value added and nearly 13 % of Indias exports.
Beyond the Carton: Inside Tetra Pak's India Expansion
Tetra Pak has evolved in India over 40 years, expanding into food processing and recycling. Its Chakan plant, operational since 2012, manufactures 85% of equipment locally. The company focuses on sustainability and reducing food waste through innovative packaging solutions.
LPG shortage for food processing sector 'not that much of a concern now': Chirag Paswan
Food Processing Industries Minister Chirag Paswan on Tuesday said LPG supply disruptions are “not that much of a concern now”, even as the government continues to monitor the situation amid the ongoing West Asia crisis.
Processed food 'false narrative' by influencers harming sector, need to counter it: Chirag Paswan
Union Minister Chirag Paswan has raised alarm over social media influencers allegedly circulating misleading claims about processed foods. Calling the trend harmful to the food processing industry’s development, he appealed to stakeholders, experts, and platforms to work together to challenge misinformation and promote fact-based communication that safeguards both industry growth and consumer confidence.
Baba Food Processing India Share Price Target & Forecast | BABF - Investing.com India
Baba Food Processing India Share Price Target & Forecast | BABFInvesting.com India