Food Processing Sector

West Bengal has received investment proposals worth Rs 2000 crore in the food processing sector and the state may consider raising the subsidy in future from the current levels, West Bengal Food Processing Minister Subrata Saha said on Friday. The minister, who was speaking at the inauguration of the 19th International Foodtech Kolkata 2022 exhibition, said that since the Bengal Global Business Summit 2022 in April over 50 memorandum of understanding of more than Rs 2000 crore have been signed with various domestic and foreign enterprises. The state has passed a proposal to grant subsidies of up to Rs 10 lakh to enterprises setting up projects in the food processing sector in Bengal, the minister said. This subsidy may be increased in future to reach out and attract investments, Saha stated. The three-day mega business to business event is being participated by packaging, confectionery, bakery, dairy and hotel and allied services sectors. Director of Food Processing Industries of

In March this year, the Union Cabinet approved a PLI scheme for the food processing sector

Tier-II and tier-III cities could mirror the trend visible in metropolitan areas, by buying more processed food in the coming years

The government on Wednesday said the production-linked incentive scheme for the food processing industry has been well received by companies like Nestle, ITC, Britannia, KeventerAgro and Amul.

Valuations, however, are factoring in near-term benefits of growth and consolidation

The "historic" relationship between US and India can be further be strengthened with increased cooperation in the agriculture and food processing sector, Arkansas State Governor Asa Hutchinson said

The reforms may translate into new opportunities for firms like ITC, Adani Wilmar and Reliance Retail

Food processing should be treated on a par with agriculture

Maximum of Rs 75,000 crore has been allocated for the government's flagship scheme PM-Kisan for the 2020-21 fiscal

The projects are estimated to generate 30,000 jobs and are mostly pertain to rice mills, oil seeds, fruit and vegetable processing, and consumer food products

Avanti Feeds, Godrej Agrovet, Sheetal Cool Products, Foods & Inns, Freshtrop Fruits, Amrit Corp and Sampre Nutritions were up in the range of 5% to 14%.

Govt approved 63 cold chain projects and more proposals have been received

At present, the size of India's food processing industry is about Rs 1.5 lakh crore