WFI 2017 snared US$14bn in MoUs
A senior government official has called on the promoters of first tier technology to target the unorganized food sector, encouraging primary processing and providing a strong supply link to the high-end secondary and tertiary processing.
The call was made by Jagadish Prasad Meena, Secretary of Ministry of Food Processing Industry (MoFPI) while inaugurating an International Conference on Recent Advances in Food Processing Technology (iCRAFPT) held at Thanjavur in Tamilnadu on 17 Aug 2018.
Elaborating, he said the second tier should deal with sophistication of secondary and tertiary processing of high value products and enable industry to compete and stand up shoulder to shoulder with world food processing industries.
He said the World Food India 2017 had attracted US$14 billion investment commitment through Memorandum of Understanding signed by global companies with India.
The food processing sector in India has a dualistic structure, he pointed out.
The unorganised segment dominates in numbers (about 25,00,000 in 2015-16) of small enterprises and workers, but the organised segment (about 40,000) dominates in terms of value of the output and investment. fiinews.com
