The food
processing industries in India have attracted foreign direct investments
(FDI) worth $1,970.09 million between April 2000 and July 2013,
according to the latest data published by the department of industrial
policy and promotion (DIPP), which suggests the potential of this
sector. In Tamil Nadu, there has been an increase in participation of
entrepreneurs, bankers and financial institutions in the food processing
sector.
K Rosaiah, the state governor, emphasised on the need to take advantage of huge investments in this sector at an Associated Chambers of Commerce and Industries of India (ASSOCHAM)-organised conference titled ‘Linking growth drivers of food processing industries: Market, Retail, Quality With Food Safety and Skills,’ held in Coimbatore on Thursday.
He was accompanied at its inauguration by K Ramasamy, vice-chancellor, Tamil Nadu Agricultural University, Coimbatore, and Ravindra Sannareddy, chairman, ASSOCHAM Southern Region Council.
“Tamil Nadu has a food processing policy, which aims at value addition from agriculture, fisheries, dairy, meat and poultry and other edible biomass produce by induction of modern technology into food processing, encouraging research and development, minimisation of wastage across the food processing chain by the development of infrastructure for storage, transportation and processing of these raw materials to fill in the gaps of supply chain from farm and harbour to consumer, and the promotion of investment in all these fields,” he said.
“The state government is working sincerely to realise the mission to promote industries, specifically identified as thrust areas in food processing and agro-based industries, and is providing support to enhance the level of food processing to increase value addition and thus, increase India’s share in global food trade,” Rosaiah said.
“It is also playing an important catalytic role in this effort by entering into partnerships with bankers, financial institutions, technical and management institutions. Small and medium enterprise (SME) clusters could be identified for all-round upgradation by infusing new technology, new packaging methods and by providing adequate marketing support,” he added.
“For over a decade, the food processing sector over a decade has generated opportunities for skilled manpower in state. Universities and academic institution are realising these facts by modifying these changes in their curricula to accommodate changed market expectations to increase the employability of a skilled workforce,” Ramasamy said.
“The food processing industry in India is on the path to growth and profitability. It is expected to attract phenomenal capital, human, technological and financial investment. The total food production in India is estimated to double over the next ten years. Hence, there is an opportunity for large investments in food and food processing technologies,” said Sannareddy, who is also founder and managing director, Sri City Pvt Ltd.
K Rosaiah, the state governor, emphasised on the need to take advantage of huge investments in this sector at an Associated Chambers of Commerce and Industries of India (ASSOCHAM)-organised conference titled ‘Linking growth drivers of food processing industries: Market, Retail, Quality With Food Safety and Skills,’ held in Coimbatore on Thursday.
He was accompanied at its inauguration by K Ramasamy, vice-chancellor, Tamil Nadu Agricultural University, Coimbatore, and Ravindra Sannareddy, chairman, ASSOCHAM Southern Region Council.
“Tamil Nadu has a food processing policy, which aims at value addition from agriculture, fisheries, dairy, meat and poultry and other edible biomass produce by induction of modern technology into food processing, encouraging research and development, minimisation of wastage across the food processing chain by the development of infrastructure for storage, transportation and processing of these raw materials to fill in the gaps of supply chain from farm and harbour to consumer, and the promotion of investment in all these fields,” he said.
“The state government is working sincerely to realise the mission to promote industries, specifically identified as thrust areas in food processing and agro-based industries, and is providing support to enhance the level of food processing to increase value addition and thus, increase India’s share in global food trade,” Rosaiah said.
“It is also playing an important catalytic role in this effort by entering into partnerships with bankers, financial institutions, technical and management institutions. Small and medium enterprise (SME) clusters could be identified for all-round upgradation by infusing new technology, new packaging methods and by providing adequate marketing support,” he added.
“For over a decade, the food processing sector over a decade has generated opportunities for skilled manpower in state. Universities and academic institution are realising these facts by modifying these changes in their curricula to accommodate changed market expectations to increase the employability of a skilled workforce,” Ramasamy said.
“The food processing industry in India is on the path to growth and profitability. It is expected to attract phenomenal capital, human, technological and financial investment. The total food production in India is estimated to double over the next ten years. Hence, there is an opportunity for large investments in food and food processing technologies,” said Sannareddy, who is also founder and managing director, Sri City Pvt Ltd.
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