Smt. Harsimrat Kaur Badal, Union Minister for Food Processing Industries today said that \u201cIndia has the potential to become a global leader in food processing sector. Food processing sector has got the ability to integrate the gap between the farmers and the consumer\u201d. Minister added that Food Processing is one of the fastest growing sectors of the economy and the sector is growing at 8.4 per cent. <\/p>\n
Smt. Badal further said that Food Processing Industry is one of the major employment intensive segments constituting 13.04 per cent of employment generated in all Registered Factory sector in 2012-13, there is an immense potential in food processing sector to generate employment in the country. <\/p>\n
Minister appreciated the performance of the sector reflected in the Index of Industrial Production (IIP) for Factory output in food processing sector, which stands at 5.7% (Apr.-Feb.) 2014-15 as compared to (-) 2.1% (Apr.-Feb.) 2013-14. The increase is mainly driven by growth in rice (11.8%), edible hydrogenated oil (5.6%) and milk, skimmed & pasteurised (1.4%). <\/p>\n
Smt. Badal informed that 100 per cent Foreign Direct Investment (FDI) is permissible in food processing sector through automatic route except for items reserved for Micro and Small Enterprises (MSEs). During (Apr-Jan.) 2014-15, the sector has attracted US $ 421.51 Million FDI in the country. Food Processing is one of the priority sectors under \u2018Make in India\u2019 initiative by the Prime Minister of India. <\/p>\n
Minister said that during last six months, the average inflation rate for (Oct.-March) 2014-15 against (Oct.-March) 2013-14 for food articles & manufactured food items have witnessed a decline from 13% to 5.1% and from 1.8% to 1.5%respectively in 2014-15 as compared to 2013-14. <\/p>\n
High level of wastages in perishables is a challenge but endeavour of the Government is to promote food processing industry to catalyze reduction of wastage of agricultural produce and ensuring higher returns to the farmers. With a view to promote the sector, the Government has been strengthening infrastructure by supporting creation of Cold chain and Mega Food Park under the Central Sector Scheme of Infrastructure Development. Recently, Ministry has sanctioned 17 new Mega Food Parks to attract investment in the sector and will sanction approx. 30 more new Cold Chain projects. <\/p>\n
SS(statement)29-04-2015
(Release ID :119937)<\/div>\n","protected":false},"excerpt":{"rendered":"
India\u2019s Food Processing Sector is Growing at 8.4 Per Cent Smt. Harsimrat Kaur Badal, Union Minister for Food Processing Industries today said that \u201cIndia has the potential to become a global leader in food processing sector. Food processing sector has got the ability to integrate the gap between the farmers and the consumer\u201d. Minister added … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[11],"tags":[309],"class_list":["post-767","post","type-post","status-publish","format-standard","hentry","category-miscellaneous","tag-food-processing-sector"],"yoast_head":"\nIndia has the Potential to Become a Global Leader in Food Processing Sector : Smt. Badal - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India has the Potential to Become a Global Leader in Food Processing Sector : Smt. Badal - All About Finance\" \/>\n<meta property=\"og:description\" content=\"India\u2019s Food Processing Sector is Growing at 8.4 Per Cent Smt. Harsimrat Kaur Badal, Union Minister for Food Processing Industries today said that \u201cIndia has the potential to become a global leader in food processing sector. Food processing sector has got the ability to integrate the gap between the farmers and the consumer\u201d. Minister added ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/\" \/>\n<meta property=\"og:site_name\" content=\"All About Finance\" \/>\n<meta property=\"article:published_time\" content=\"2015-04-29T18:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-12-31T05:33:27+00:00\" \/>\n<meta name=\"author\" content=\"Taxclick Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Taxclick Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/\"},\"author\":{\"name\":\"Taxclick Team\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227\"},\"headline\":\"India has the Potential to Become a Global Leader in Food Processing Sector : Smt. Badal\",\"datePublished\":\"2015-04-29T18:30:00+00:00\",\"dateModified\":\"2015-12-31T05:33:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/\"},\"wordCount\":393,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/taxclick.org\/#organization\"},\"keywords\":[\"Food Processing Sector\"],\"articleSection\":[\"Miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/\",\"url\":\"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/\",\"name\":\"India has the Potential to Become a Global Leader in Food Processing Sector : Smt. Badal - All About Finance\",\"isPartOf\":{\"@id\":\"https:\/\/taxclick.org\/#website\"},\"datePublished\":\"2015-04-29T18:30:00+00:00\",\"dateModified\":\"2015-12-31T05:33:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/taxclick.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"India has the Potential to Become a Global Leader in Food Processing Sector : Smt. Badal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/taxclick.org\/#website\",\"url\":\"https:\/\/taxclick.org\/\",\"name\":\"All About Finance\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/taxclick.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/taxclick.org\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/taxclick.org\/#organization\",\"name\":\"All About Finance\",\"url\":\"https:\/\/taxclick.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png\",\"contentUrl\":\"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png\",\"width\":235,\"height\":68,\"caption\":\"All About Finance\"},\"image\":{\"@id\":\"https:\/\/taxclick.org\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227\",\"name\":\"Taxclick Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g\",\"caption\":\"Taxclick Team\"},\"description\":\"This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.\",\"url\":\"https:\/\/taxclick.org\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"India has the Potential to Become a Global Leader in Food Processing Sector : Smt. Badal - All About Finance","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/","og_locale":"en_US","og_type":"article","og_title":"India has the Potential to Become a Global Leader in Food Processing Sector : Smt. Badal - All About Finance","og_description":"India\u2019s Food Processing Sector is Growing at 8.4 Per Cent Smt. Harsimrat Kaur Badal, Union Minister for Food Processing Industries today said that \u201cIndia has the potential to become a global leader in food processing sector. Food processing sector has got the ability to integrate the gap between the farmers and the consumer\u201d. Minister added ... Read more","og_url":"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/","og_site_name":"All About Finance","article_published_time":"2015-04-29T18:30:00+00:00","article_modified_time":"2015-12-31T05:33:27+00:00","author":"Taxclick Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Taxclick Team","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/#article","isPartOf":{"@id":"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/"},"author":{"name":"Taxclick Team","@id":"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227"},"headline":"India has the Potential to Become a Global Leader in Food Processing Sector : Smt. Badal","datePublished":"2015-04-29T18:30:00+00:00","dateModified":"2015-12-31T05:33:27+00:00","mainEntityOfPage":{"@id":"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/"},"wordCount":393,"commentCount":0,"publisher":{"@id":"https:\/\/taxclick.org\/#organization"},"keywords":["Food Processing Sector"],"articleSection":["Miscellaneous"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/","url":"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/","name":"India has the Potential to Become a Global Leader in Food Processing Sector : Smt. Badal - All About Finance","isPartOf":{"@id":"https:\/\/taxclick.org\/#website"},"datePublished":"2015-04-29T18:30:00+00:00","dateModified":"2015-12-31T05:33:27+00:00","breadcrumb":{"@id":"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/taxclick.org\/type\/miscellaneous\/india-has-the-potential-to-become-a-global-leader-in-food-processing-sector-smt-badal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/taxclick.org\/"},{"@type":"ListItem","position":2,"name":"India has the Potential to Become a Global Leader in Food Processing Sector : Smt. Badal"}]},{"@type":"WebSite","@id":"https:\/\/taxclick.org\/#website","url":"https:\/\/taxclick.org\/","name":"All About Finance","description":"","publisher":{"@id":"https:\/\/taxclick.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/taxclick.org\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/taxclick.org\/#organization","name":"All About Finance","url":"https:\/\/taxclick.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxclick.org\/#\/schema\/logo\/image\/","url":"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png","contentUrl":"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png","width":235,"height":68,"caption":"All About Finance"},"image":{"@id":"https:\/\/taxclick.org\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227","name":"Taxclick Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxclick.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g","caption":"Taxclick Team"},"description":"This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.","url":"https:\/\/taxclick.org\/author\/admin\/"}]}},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"yarpp-thumbnail":false},"uagb_author_info":{"display_name":"Taxclick Team","author_link":"https:\/\/taxclick.org\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"India\u2019s Food Processing Sector is Growing at 8.4 Per Cent Smt. Harsimrat Kaur Badal, Union Minister for Food Processing Industries today said that \u201cIndia has the potential to become a global leader in food processing sector. Food processing sector has got the ability to integrate the gap between the farmers and the consumer\u201d. Minister added…","_links":{"self":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts\/767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/comments?post=767"}],"version-history":[{"count":0,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts\/767\/revisions"}],"wp:attachment":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/media?parent=767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/categories?post=767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/tags?post=767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}