Latest news with #MoFPI
Hans India
22-05-2025
- Business
- Hans India
PLI-led food processing sector churns 2.5 L jobs
New Delhi: The Centre's production linked incentive (PLI) scheme for the food processing sector has succeeded in attracting investments to the tune of Rs7,000 crore and creating over 2.5 lakh jobs so far, according to a senior official 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,' said Ranjit Singh, joint secretary, MoFPI, in his address at FICCI's 'Foodworld India' event here. He pointed out that food processing plays a pivotal role in agricultural diversification, value addition, reduction in post-harvest losses, and creation of surpluses for exports. Singh said, '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.
Hans India
21-05-2025
- Business
- Hans India
PLI scheme for food processing sector creates 2.5 lakh jobs, benefits nine lakh farmers
The Centre's production linked incentive (PLI) scheme for the food processing sector has succeeded in attracting investments to the tune of Rs 7,000 crore and creating over 2.5 lakh jobs so far, according to a senior official 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," said Ranjit Singh, joint secretary, MoFPI, in his address at FICCI's 'Foodworld India' event here. He pointed out that food processing plays a pivotal role in agricultural diversification, value addition, reduction in post-harvest losses, and creation of surpluses for exports. Singh said, "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 food processing sector's role in enhancing the value of agricultural produce as well as driving favourable demand for Indian products in global 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 further stated that the MoFPI is implementing initiatives, such as Kisan Sampada Yojana, an umbrella scheme to build cold chains, agro-processing clusters, food testing bodies, and support R&D in the sector. The ministry is also running the PM's formalisation of micro food processing enterprises (PMFME) scheme to promote infrastructure development, innovation and entrepreneurship in the food processing sector across the country. He said that these schemes have also helped transform many small companies into medium ones. The PMFME scheme has supported close to two lakh micro enterprises through credit-linked subsidies and infrastructure creation in the last five years.
Time of India
19-05-2025
- Business
- Time of India
Chirag to entrepreneurs: Invest in Bihar, assure you best support
Patna: Union food processing industries dept minister Chirag Paswan on Monday urged the national and international entrepreneurs to invest in Bihar and assured them best of facilities with good air, road and rail connectivity, including a dry port at Bihta. He urged them to explore large-scale procurement of rice, spices, makhana, and fruits from the state. Addressing the 70 buyers representing 20 countries, including six global retail chains from Germany, Japan and the UAE, alongside 50 domestic and 20 institutional buyers at the inaugural session of the two-day International Buyer Seller Meet (IBSM) in Patna, Chirag said Bihar is to play an important role in PM Narendra Modi's vision of 'Viksit Bharat by 2047' and India becoming a global food basket. Significantly, 12 companies participating in the meet announced procurement commitments for rice, pulses, spices, fruits, vegetables, and makhana from Bihar. Chirag also highlighted the fact that Bihar benefited the most from Pradhan Mantri formalisation of micro food processing enterprises (PMFME). "In FY 2024-25, my ministry has sanctioned a record 10,270 loans worth Rs 624.42 crore under the PMFME scheme to micro food processing units in Bihar, which is the highest for any state in the country," he said. "The recently announced NIFTEM in Bihar will carry forward our legacy to become a modern-day centre of excellence," he said. He also launched a report titled 'Strategies to boost India's makhana exports'. Addressing the meet, deputy CM Vijay Kumar Sinha said the state govt, through its agriculture map, was trying to make the state farmers not only producers, but also entrepreneurs. State's industries minister Nitish Mishra said, "Bihar has the potential to become the growth engine of East India." He mentioned the mega food park at Muzaffarpur and encouraged investors to leverage Bihar's industrial infrastructure as the govt is ready to provide proactive allotment of land within seven days through the single window clearance system. Mihir Kumar Singh, additional chief secretary (state industries dept), and Minhaj Alam, additional secretary, MoFPI, also stressed upon the need to increase the level of food processing in the state. Abhishek Dev, chairman of APEDA, emphasised that initiatives such as the launch of 'Tracenet 2.0' in 2025 for traceability of organic and GI-tagged products would further enhance credibility and export readiness of Indian produce.
