India exported $10.42bn of processed food products in 2021-22
The Ministry of Food Processing Industries (MoFPI) expects nearly Rs.30,000 crore industry-wide expansion through the Rs.10,900 crore PLI scheme over seven years from 2021-2022 to 2026-27
The Ministry said the sector exported US$10.42 billion of processed food products in 2021-22, an impressive increase over US$8.56 billion in 2020-21.
The Ministry has approved 182 applications under PLI Scheme for Food Processing Industry in different categories including 30 for the PLI Scheme for Millet Based products.
Forty-six new projects, an outlay of Rs.2,218.69 crore, have been approved under Operation Green Scheme in 2022, said the Ministry in a report on 2022 review of the sector.
The Ministry has sanctioned 190 food processing projects – 23 Agro Processing Clusters, 33 Cold Chains, 12 Food Testing Laboratories and a second Mega Food Park.
The Ministry said 112 food processing projects, leveraging Rs.706.04 crore private investment, were completed and operationalized covering Mega Food Park. These were ColdChain, Agro-Processing Clusters (APC), Food Testing Laboratories as well as Backward & Forward Linkage projects.
The 112 completed projects have created additional processing and preservation capacity of agricultural produce of 23.08 lakh MT per annum.
The 15 cold chain infrastructure projects created additional milk processing and storage capacity of 23.30 lakh liter per day and 9.25 MT/hour of IQF (Instant Quick Freezing) of fruits and vegetables.
Minister for Food Processing Industries Pashupati Kumar Paras virtually inaugurated 75 food processing projects of Central Sector Scheme – Pradhan Mantri Kisan SAMPADA Yojana.
These projects cost Rs.1,238 crores with the Ministry having provided Rs.309 crore grants. fiinews.com
