Confederation of Indian Industry (CII) and Ministry of Food Processing Industries (MoFPI), Government of India are set to join hands to promote and drive ‘Make in India’ in Food Processing sector, considering its immense production strengths across agricultural commodities and potential to turn around the economy.
The food processing sector in India presents an attractive capital and technology investment opportunity for both domestic and foreign investors, leveraging on India’s strong food production base. Make in India is designed to facilitate investment, foster innovation, enhance skill development and create world class manufacturing infrastructure in India.
To bring together all stakeholders and to increase the interest of global and domestic corporates in food processing sector in India, CII is organising an International Conference on Driving Make in India in Food Processing on 8 July 2015 at New Delhi. Union Minister for Food Processing, Harsimrat Kaur Badal would share the key priorities, action areas and initiatives of the Government to drive Make in India in Food Processing.
“CII’s priorities are very much in line with the Government’s vision to make India the ‘food basket of the world’ with focus on value added exports and be a leading global trade partner. Besides end-to-end processed foods manufacturing, India can also be a processing hub for the world by capitalising on its strategic location between the East and the West. We can bring in ingredients from the East, process them in India and export to the West or the vice versa. Further, with strong academia-industry linkages, India can carve a distinctive place in the food processing sector for various commodities like ginger, basmati rice, fennel, alphonso mangoes, saffron and black pepper etc, which are unique to India due to the special geographical benefits”, CII said in a release.
“To ensure better quality for consumers and economic surplus for farmers and processors, a shift in approach from being supply driven to demand driven is needed, thereby catering to specific customer needs. Also, there is a need to work with global institutions and replicate global best practices adapted to Indian conditions. All stakeholders such as Government bodies, global institutions, research organisations, testing laboratories, farmers, traders and supply chain partners need to actively collaborate with each other at each stage across the supply chain as per global standards in order to succeed at the marketplace. There are huge opportunities for Make in India across food sub-sectors for enhancing the value addition, provided India becomes globally competitive”, the release added.
“Food Processing is not just a sunrise sector, rather it has the potential to be the backbone of consumerism in India. The investment potential directly and indirectly (e.g. Packaging, Machinery) over the next 5 years is over US$ 3 billion a year if we have to meet the demand. This investment includes the need for substitution of imports significantly and growing exports manifold. This CII Conference on Food Processing would focus on the ways and means of encouraging ‘Make in India in Food Processing’, said Rajesh Srivastava, Chairman, CII Conference on Driving Make in India in Food Processing and CMD, Rabo Equity Advisors.