Food Processing Industry: Issues and Developments

FDI in food processing may cross $1 billion

  1. FDI in the food processing sector is expected to cross $1 billion in the next two years
  2. Reasons: Reforms in FDI space and streamlining of FSSAI regulations
  3. Efforts: The food processing ministry has permitted development of 17 new food parks across the country
  4. It is making efforts to operationalise all 42 parks by 2019 that will help double processing level of fruits and vegetables to 20%
  5. It has also approved setting up of 30 new cold chains in the country
  6. The government has announced 100% FDI in marketing of food products produced and processed in India in this year’s Budget

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