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New Delhi: The Centre’s manufacturing related incentive (PLI) scheme for the meals processing sector has succeeded in attracting investments to the track of Rs 7,000 crore and growing over 2.5 lakh jobs to this point, in line with a senior professional of the Union Ministry of Food Processing Industries (MoFPI).
“Till date, the ministry has funded almost 1,600 projects leading to the creation of 41 lakh tonnes of food processing capacity and benefiting almost nine lakh farmers,” stated Ranjit Singh, joint secretary, MoFPI, in his deal with at FICCI’s ‘Foodworld India’ tournament right here.
He identified that meals processing performs a pivotal position in agricultural diversification, worth addition, aid in post-harvest losses, and advent of surpluses for exports.
Singh stated, “The immense untapped potential of the Indian farm sector highlights the important role that domestic manufacturing can play when adequately supported by enabling government policies. With targeted interventions, this sector can contribute to India becoming self-reliant and a global food basket.”
He highlighted the meals processing sector’s position in improving the price of agricultural produce in addition to using beneficial call for for Indian merchandise in world markets. “Therefore, to realise its potential, we must continue to upgrade processing, packaging, storage and distribution, so that we’re able to meet both domestic and international standards,” he added.
Singh additional said that the MoFPI is enforcing tasks, similar to Kisan Sampada Yojana, an umbrella scheme to construct chilly chains, agro-processing clusters, meals checking out our bodies, and reinforce R&D within the sector. The ministry may be operating the PM’s formalisation of micro meals processing enterprises (PMFME) scheme to advertise infrastructure construction, innovation and entrepreneurship within the meals processing sector around the nation.
He stated that those schemes have additionally helped turn out to be many small firms into medium ones. The PMFME scheme has supported with regards to two lakh micro enterprises thru credit-linked subsidies and infrastructure advent within the remaining 5 years.
