Schemes Under Food Processing Industries

Food ecosystem in India offers colossal open doors for investments with stimulating development in the food retail sector, good financial strategies, and appealing monetary motivators. The Government of India through the Ministry of Food Processing Industries (MoFPI) is additionally finding a way to help interests in the food processing industry. The administration has authorized 42 Mega Food Parks (MFPs) to be set up in the nation under the Mega Food Park Scheme. Right now, 12 Mega Food Parks has turned out to be useful. 100% FDI is allowed under the programmed course in Food preparing ventures.

According to one of the estimated India’s present food processing industry is assessed at USD 130 Billion and anticipated that would pull in immense domestic and foreign investment. A portion of the key variables which are probably going to expand the demand for processed food and subsequently the food processing industry in the coming years are :

To take benefit of the above-described aspects, the Government has started the accompanying measures for the advancement of the food processing sector.