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The Indian food industry, poised for massive growth, continues to increase its contribution to world food trade.
In India, the food sector has emerged as a high-growth and high-profit sector, given its immense potential for value addition, particularly in the Food Processing Industry.
The Ministry of Food Processing Industries has been implementing several schemes under the umbrella of the Pradhan Mantri Kisan Sampada Yojana (formerly known as SAMPADA - Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters).
These schemes, with an allocation of INR 60 billion (US$ 900 million) for the period 2016 to 2020, are expected to leverage investments of INR 314 billion (US$ 5 billion) for development of infrastructure in the food processing sector.
In India, the food sector has emerged as a high-growth and high-profit sector, given its immense potential for value addition, particularly in the Food Processing Industry.
The Ministry of Food Processing Industries has been implementing several schemes under the umbrella of the Pradhan Mantri Kisan Sampada Yojana (formerly known as SAMPADA - Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters).
These schemes, with an allocation of INR 60 billion (US$ 900 million) for the period 2016 to 2020, are expected to leverage investments of INR 314 billion (US$ 5 billion) for development of infrastructure in the food processing sector.
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