Revitalizing Food Processing: Government Schemes to Curb Wastage

The Indian government is implementing subsidy schemes to bolster the food processing sector, aiming to minimize wastage and promote investment. With Rs 400 crore allocated for small and medium units, and incentives for large units to tap overseas markets, significant growth opportunities await entrepreneurs in this industry.

The Indian government is taking a substantial step forward to revolutionize the food processing industry with a range of subsidy schemes aimed at minimizing waste. According to Subrata Gupta, Secretary of the Ministry of Food Processing Industries, processing in the sector currently averages around a paltry 10%. This calls for immediate action.

At a recent interactive session hosted by the Indian Chamber of Commerce, Gupta detailed the government's ambitious plans to support micro, medium, and large units in their quest to curb wastage, particularly of perishable goods like fruits and vegetables. Allocating Rs 400 crore to smaller units underscores a concerted effort to foster growth.

Joint Secretary D Praveen revealed additional targeted schemes, including seed capital for self-help groups to establish micro units. As part of these initiatives, 50 projects in West Bengal will receive central subsidies. The ministry is also organizing the World Food India exhibition to showcase the sector's potential.

(With inputs from agencies.)