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Exports: Share of processed food shipments up by 25.6% in 2022-23

Fiinews by Fiinews
February 8, 2024
in Exports
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MoFPI establishing-upgrading 2 lakh Micro Food Processing Enterprises

The percentage share of processed food exports in agri-exports of the country has increased to 25.6% in 2022-23 from 13.7% in 2014-15, Minister of State for Food Processing Industries (MoFPI) Shobha Karandlaje said in a written reply in the Lok Sabha on 6 Feb 2024.

MoFPI through implementation of the Central Sector Scheme, namely, Pradhan Mantri Kisan Sampada Yojana (PMKSY), interalia, helps in creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet across the country.

The scheme not only provide a boost to the growth of food processing sector in the country but also helps in, interalia, reducing wastage of agricultural produce, increasing the processing level and enhancing the export of the processed foods.

MoFPI is also implementing a Centrally Sponsored Scheme – PM Formalisation of Micro Food Processing Enterprises Scheme (PMFME) for providing technical, financial and business support for setting up and upgradation of 2 lakh Micro Food Processing Enterprises.

The Minister said Production Linked Incentive (PLI) scheme has also been launched by MoFPI for the period 2021-22 to 2026-27 to create global food champions and improving the visibility of Indian food brands abroad.

Besides above, the allied Ministries and Departments and their Agencies such as Ministry of Agriculture and Farmers Welfare, Ministry of Fisheries, Animal Husbandry and Dairying, APEDA, MPEDA, etc. also extend enabling support through their respective schemes like Mission for Integrated Development of Horticulture, Agriculture Export Promotion Plan Scheme, National Agriculture Infra Financing Facility, among others, said Karandlaje. Fiinews.com

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