Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Unleashing India’s Food Processing Potential: World Food India 2023 and Beyond
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Opinion > Unleashing India’s Food Processing Potential: World Food India 2023 and Beyond
Opinion

Unleashing India’s Food Processing Potential: World Food India 2023 and Beyond

ANITA PRAVEEN
Last updated: October 31, 2023 9:24 pm
ANITA PRAVEEN
Published: October 31, 2023
Share
6 Min Read
SHARE

India’s journey in the 21st century has been one worth celebrating. Our growth story as a nation is adorned with sustained progression, technology, and commitment to sustainability, resilient enterprises, and our global outlook. This exemplary growth has been importantly fuelled by our industries and its many constituent sectors that transform India every day. One of the most promising, dynamic and under highlighted of these is the Indian food processing sector.

Food processing industry in India has had a remarkable growth trajectory in recent years and has the enormous potential for consistent growth ahead. The value addition through processing makes food processing sector one of the key sectors that can transform India’s agricultural landscape and contribute to the push for doubling farmers’ income. In the light of United Nations’ Sustainable Development Goal (SDGs) of ensuring sustainable consumption and production patterns, food waste reduction has been given emphasis. Through innovation in processing techniques, sustainable sourcing, reprocessing and efficient utilisation of agricultural produce, the food processing industry can be the catalyst in food waste reduction, contributing to realisation of multiple SDGs.

Given its consistent high growth rate in recent years and impressive future projections, food processing industry will be one of the critical drivers of India’s economic growth. Government of India has undertaken numerous policy initiatives to augment this sector’s growth.

The Pradhan Mantri Kisan SampadaYojana (PMKSY) is a scheme launched by the union government with the objective of creation of modern infrastructure in the food processing sector. The scheme is expected to leverage substantial investment of around Rs 11,000 crores, creating 5.44 lakh jobs and providing a strong impetus for the food processing industry. The PM Formalisation of Micro Food Processing Enterprises (PMFME) is another centrally sponsored scheme with the objective of helping micro food processing enterprises’ inclusion in the formal sector. With an outlay of Rs 10,000 crores, it undertakes to provide capital linked subsidy to 2,00,000 micro units. Under PMFME, MoUs have been signed with 15 lending banks and project implementation plans for 25 states have been approved. The Union Government also aims to provide financial support to rising Indian food brands through the Production Linked Incentive Scheme for Food Processing Industry (PLISFPI), a Rs 10,900 crores scheme. The scheme is expected to help expand output in food processing sector by Rs 33,000 crores and create 2.5 lakh jobs.

An important initiative highlighting the vision of the Government of India has been ‘World Food India’, a global event with domestic and international participation. The mega event is focused on showcasing India’s potential in the food processing domain to investors, leaders and partners across the globe. The first edition of World Food India (WFI) in 2017 was a remarkable success and welcomed leaders, delegates, and participants from 61countries and 27 states. World Food India, 2017 also turned out to be an unprecedented success in facilitating investments which will induce transformative growth in this industry.

The Ministry of Food Processing Industries (MoFPI) is set to organize the second edition of World Food India (WFI) in 2023as a truly global event enabling convergence of Indian and global food processing industries. India’s food processing industry has significant export potential. Connecting with global industry players, Indian business can tap into these lucrative export markets for processed foods.

The food processing industry is built upon the primary sector as processing starts with agricultural inputs. With the second largest agricultural output in the world, India is in the most comfortable position to sustain very high growth in the food processing sector for years. Also, food processing levels in India hover around 10% which represents massive untapped potential.

Global demand for processed foods is rising at a steady 4% due to increased urbanization, higher incomes, and convenience food preferences. With its large population, increasing income levels, and strong economic growth, India is a promising investment destination, with its food processing industry shining as one of the most reliable sectors.

As India marches towards becoming a $5 trillion economy, the food processing industry is poised to play a pivotal role. With the right mix of innovation, investment, and policy support, it can significantly contribute to this ambitious goal. With World Food India 2023, India’s potential is going to attract unmatched global attention. It is just the right time for domestic and foreign investors and the global food processing industry to tap into Indian food processing potential, forging ahead a better global future with India’s growth story. World Food India 2023 is set to be a landmark event and as the gateway to the Indian food processing industry, addressing global challenges with India’s potential.

 

(Author is Secretary, Food Processing Industries)

 

Maintain a healthy lifestyle to prevent the risk of PCOD
Harvest Dreams Shattered: How natural disasters ruin apple cultivation
Antibiotic Resistance: A serious issue to tackle..!
Kashmir is Incomplete without Its People
Battery Swapping: India’s opportunity for global dominance

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article The level playing field
Next Article Broadly Understanding Migraine – II
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

Hyderpora underpass turns into cab stand, sparks safety concerns
City
May 26, 2025
Bear-Proof Corral unveiled to tackle human-wildlife conflict in Drass
Kashmir
May 26, 2025
SACPPE holds session to safeguard children from unexploded shells in Uri
Kashmir
May 26, 2025
‘Prem Visheshagya’ brings laughter to Natrangs’ Sunday theatre
Jammu
May 26, 2025

Recent Posts

  • Hyderpora underpass turns into cab stand, sparks safety concerns
  • Bear-Proof Corral unveiled to tackle human-wildlife conflict in Drass
  • SACPPE holds session to safeguard children from unexploded shells in Uri
  • ‘Prem Visheshagya’ brings laughter to Natrangs’ Sunday theatre
  • Admin spreads awareness on drug abuse in Sgr

Recent Comments

  1. SavePlus on AI and Behavioural Analytics in Gaming: Making the World of Gaming Better
  2. Parul on Govt acknowledges faulty streetlights on Narbal-Tangmarg road
  3. dr gora on Women Veterinarians and the Goal of Viksit Bharat
  4. jalwa game login on National Education Policy 2020: Transforming India’s Educational System
  5. Virender Bhat on Pahalgam Attack: A War on Humanity, Peace, and Kashmiriyat

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?