Indian exports of processed food products during April-February FY 2020-2021 grew by 26.51 per cent. Theexports amounted to Rupees 43,798 crores during this period.
- The major food products exported during the FY 2020-21 were processed vegetables, pulses, processed fruits and juices, guar gum, groundnuts, milled products, oil meals, alcoholic beverages and oil meals.
- The export of processed vegetables and alcoholic beverages increased by 40 per cent in 2020-21.
- According to APEDA (Agricultural and Processed Food Products Export Development Authority), the exports of processed food products is to continue in the FY 2021-22. This is mainly because the demand for processed fruits and vegetables, pulses are increasing in markets such as middle east, the United States of America, the United Kingdom.
Steps of Govet in Food Processing Industry
- By March 2021, Indian Government approved Production Linked Incentive Scheme. Through this, Government aims to provide Rupees 10,900 crores of incentives to the Food Processing sector. The incentive is to be paid for six years under the scheme.
- PM SAMPADA Yojana is being implemented to develop food processing centres in the country. SAMPADA is Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters. The scheme will create Mega Food Parks.
- In the year 2020, Indian Government sanctioned 134 food processing projects. This includes 21 agro-processing clusters, 43 food processing units, 47 cold chains, 8 backward and forward linkages, 3 Operation Greens and twelve food testing laboratories.
India’s Food Processing Industry
The Foreign direct investment inflows in Food Processing Industry increased from $628.24 million in the FY 2018-19 to $904.7 million in the FY 2019-20.
Agricultural and Processed Food Products Export Development Authority is to make Action Plans to increase export of millet between 2021 and 2026.
Export of processed food products grew by 27% Export of processed food products grew by 27%