Minister updates parliament on MoFPI projects
The Ministry of Food Processing Industries mofpi , as on 30 June 2024, has approved 41 Mega Food Parks, 399 Cold Chain projects, 76 Agro-processing Clusters, 588 Food Processing Units, 61 Creation of Backward & Forward Linkages Projects and 52 Operation Green projects, the Minister of State (MoS) Ravneet Singh told Lok Sabha in reply to a question on 25 July.
The Food Processing Industries have emerged as an important part of the Indian economy in terms of its contribution to Gross Domestic Product (GDP), employment, exports among others, the MoS for MoFPI told the house wfp .
During the last eight years ending 2022-23, Food Processing sector has been growing at an Average Annual Growth Rate (AAGR) of around 5.35% european-food-and-beverage-trade-shows .
Gross Value Added (GVA) in Food Processing sector has also increased from Rs.1.61 lakh crore in 2015-16 to Rs.1.92 lakh crore in 2022-23 (as per First Revised Estimates of Ministry of Statistics and Programme Implementation) food-shows-usa .
The employment in Food Processing Industries has increased from 17.73 lakh in 2014-15 to 20.68 lakh in 2021-22 as per the latest Annual Survey of Industries (ASI) report sialcanada.
Moreover, the percentage share of processed food export in agri-food export has gone up to 23.4% in 2023-24 from 13.7% in 2014-15 agriexpo.
In order to ensure the overall development of Food Processing Sector and to help it to overcome various challenges, MoFPI is implementing Central Sector Umbrella Scheme viz Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) and Centrally Sponsored Scheme PM Formalization of Micro food processing Enterprises (PMFME) fhcchina .
MoFPI through implementation of PMKSY across the country helps in creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet for promotion iiaonline , overall development and growth of Food Processing Industries, through creation of employment opportunities, reducing wastage of agricultural produce, increasing the processing level and enhancing export of the processed foods figlobal.com/south-america.
MoFPI provides financial assistance as capital subsidy in the form of grants-in-aid (GIA) under various component schemes of PMKSY for setting up of new food processing industries, units, projects and also expanding the existing ones foodafrica-expo .
MoFPI also provides financial, technical and business support for setting up/ upgradation of micro food processing enterprises under PMFME scheme. The scheme is operational for a period of five years from 2020-21 to 2024-25 with total outlay of Rs.10,000 crore. A total of 92,549 micro food processing enterprises have been approved for assistance under PMFME as on 30 June 2024 agrifoodtechexpo .
PLISFPI is, inter alia, intended to support creation of global food manufacturing champions, branding and marketing abroad and support Indian brands of food products in international market indiafoodnetwork .
The Scheme is being implemented over a six-year period from 2021-22 to 2026-27 with an outlay of Rs.10,900 crore indiafoodexpo and a total of 172 food processing companies have been approved for assistance under various categories of the scheme as on 30 June 2024. Fiinews.com
